By Cheryl Reams As homeowners decide to stay put and wait out the housing market in rising numbers, home improvement stores are seeing an increase in sales of carpet, vinyl and cheaper products to spruce up homes. The nation’s largest hardware stores are experiencing an upturn, despite economic turmoil. Contractors have slashed prices in order… Continue reading Home Improvement Projects On Up Swing
Category: Tools
Millions of Homeowners to Get Housing Relief Money
The U.S. government’s program to bring relief to homeowners in jeopardy of foreclosure is designed to bring tailor made solutions to the 10 states in the program. The plan, known as the Hardest Hit Fund (HHF) is being administered through the Troubled Asset and Relief Program with $2.1-billion for homeowners in distress. White House officials… Continue reading Millions of Homeowners to Get Housing Relief Money
New Rules of Real Estate
Manufactured by a combination of Wall Street financial manipulation, overly creative banking practices, greed and plenty of fraud the real estate crash over the last three years has developed a whole new rule book for buying and selling property. Here are the 10 best new rules to keep in mind before you venture out into… Continue reading New Rules of Real Estate
No Hurry for Those at Risk of Foreclosure
Senator Jack Reed D-Rhode Island Senator Dick Durbin D-Illinois Senator Sheldon Whitehouse D-Rhode Island No Hurry for Those at Risk of Foreclosure By Mike Colpitts Two months after the proposal to force bankers to work with homeowners at risk of foreclosure was introduced in Congress the bill is bogged down in committee. A House Financial… Continue reading No Hurry for Those at Risk of Foreclosure
Housing Recovery on the Way
Powered by the highest number of home sales in more than two years, the housing market appears to be on the road to recovery at least to some consumers. First time buyers pushed to close purchases before the looming government deadline expired for an $8,000 tax credit. Rock bottom priced triggered a flood of… Continue reading Housing Recovery on the Way
Forty-Eight States in Taxing Turmoil
Forty-eight of all 50 U.S. states are in economic turmoil as a result of the housing bust and the financial crisis. States have laid-off employees, slashed budgets and cut back on services, including schools and emergency services such as police and fire department personnel. “Forty-eight states are in budget crisis,” according to New York Governor… Continue reading Forty-Eight States in Taxing Turmoil
Market Bottom: They Just Don’t Get It!
By John Hines Economist The bottom of the real estate market is a fleeting place that has seen the initial stages of recovery tease markets in the worst hit areas of the country, including California, Florida and Nevada. As home sales rise, bankers hold off on making foreclosures and keep lending standards so high that… Continue reading Market Bottom: They Just Don’t Get It!
Foreclosures Dip Slightly
Recorded foreclosure notices saw a 3% dip in the last month nationally, but are still up nearly a fifth from year ago levels, according to the latest RealtyTrac monthly report. There were 332,292 notices of default, foreclosure auctions and bank repossessions filed during October. The figure represents a three month consecutive decline in foreclosure notice… Continue reading Foreclosures Dip Slightly
Private Bankers Gaining Ground
By Kevin Chiu Blamed for selling mortgages to anyone who could sign their name during the real estate boom, the majority of mortgage brokers have been forced out of business and now only originate a small percentage of home loans. However, private mortgage bankers are filling the opening in the marketplace. Leery of increasing bad… Continue reading Private Bankers Gaining Ground
Homeowner Dreams on Hold
By Sharon Williams Buying your first home is like a dream for most people. But the dream has been placed on an indefinite hold by millions of Americans troubled by the financial crisis. Qualifying for a mortgage these days has gotten tougher with economic uncertainty. There’s no doubt that in life dreams change over time,… Continue reading Homeowner Dreams on Hold