By Mike Colpitts Editor As the nations real estate crisis worsens beyond what once seemed unimaginable, a new Housing Predictor analysis shows that the crisis will deflate the value of U.S. homes in the majority of the country between 55 and 70% on average from the markets highest peaks. The amount of deflation depends on… Continue reading Lending on Steroids Triggers Bigger Bust
Most Affordable Housing Markets
Affordable housing means different things and depends mainly where you live in the country since housing prices vary considerably from one place to another. The markets chosen to be on the Housing Predictor Most Affordable Markets list for 2008 are urban areas that have a greater likelihood of appreciation over the next two years with… Continue reading Most Affordable Housing Markets
Deep Discounts Offered on New Homes
By David Wilkening One of the most common phrases you hear goes like this: “Its a great time to buy:” (a) a new paved driveway for your house; (b) a new car; (c) a new home. You will certainly be skeptical of the first two answers and also the third. If you hear (c) from… Continue reading Deep Discounts Offered on New Homes
Getting Back into Home Ownership
Part II By Tony Evans Those of you looking to improve your credit standing to get back in the housing game should be on second base having already mailed your letter to the credit agencies, which will be placed in your file. If you’re still sitting on the bench, Coach Buzzz says “You won’t get… Continue reading Getting Back into Home Ownership
Hedge Funds Buying Mortgages Again
Betting Markets to Hit Bottom By David Wilkening It is sometimes called “opportunity investing,” or to put it more bluntly, vulture capital. In a possible sign that the housing market has reached its bottom, hedge funds are circling. This development is somewhat unusual in part because hedge funds have been famous for making many executives… Continue reading Hedge Funds Buying Mortgages Again
Feeding the Real Estate Frenzy
By Kayce Boulyn Just a couple years ago when real estate sales were “hot” nearly everybody and his brother wanted to get in on the action, many giving up their “day jobs” to start a new path on the road to riches. Feeding the real estate frenzy were a variety of cable TV shows focused… Continue reading Feeding the Real Estate Frenzy
Getting Back in the Game
By Tony Evans Chaos, Frustration, Tears, Job Losses, Moving, Foreclosure, Rising Gas and Grocery Prices All describe what’s happened to this country the past 12 months. But good ‘ol Coach Buzzzz says stop whining and hollering at the kids, wife, girlfriend, boyfriend and the animals. It wasn’t their fault, and for the most part nor… Continue reading Getting Back in the Game
Troubled Speculators Have Options
By David Wilkening Speculative buyers and “flippers” seeking virtually overnight profits helped create the current real estate crisis. So there seems to be little sympathy for them these days but they also have their problems, particularly if they own multiple properties. Even more so if they bought when the market peaked in 2006. It is… Continue reading Troubled Speculators Have Options
Deflation of Home Prices Accelerates
Damaged by the worst mortgage crisis in the nation’s history, the average price of a home will deflate 8.4% in 2008 alone, which is believed to be the steepest drop in home values since the Great Depression, according to the latest Housing Predictor forecast. However, rapidly worsening market conditions in some areas of the country… Continue reading Deflation of Home Prices Accelerates
Buying Real Estate in a Down Market
Six Steps to Buying in a Down Market By Mike Colpitts Editor In these times of economic uncertainty it’s difficult for many people to fathom buying real estate in a down market. But there are 6 steps that may be taken to assure even the most nervous of first time buyers that they’re making the… Continue reading Buying Real Estate in a Down Market