Real Estate

March 30, 2008

Real Estate Investments Drop

The number of residents buying homes isn't the only statistic that has seen a sharp decline this year with the ongoing fallout of the credit crisis and subprime mortgage mess; the National Association of Realtors released a report last week that showed fewer people bought homes as investment in 2007. …

View More
Posted in Real Estate
March 22, 2008

Bank Foreclosures Hurt Real Estate Market

The final quarter of 2007 was a bleak one in the housing market, as foreclosures and delinquency rates reached record highs. The fourth quarter, from October to December, found foreclosures rising to 0.83 percent, passing the previous high of 0.78 percent set in 2007's third quarter, adding to the economic …

View More
Posted in Real Estate
March 19, 2008

Lending Debacle Affects Real Estate

The struggling real estate market took another dip this last month, according to the Commerce Department. Housing starts, a measure of new homes being constructed, fell 0.6%, while permits for new construction, an important indicator of future activity, fell more than anticipated, decreasing 7.8% in February to the lowest level …

View More
Posted in Real Estate
March 16, 2008

Federal Reserve and Foreclosures

foreclosure-sale.gifAs the real estate market continues to go through an adjustment period caused by the run up in prices from the early 2000 real estate bubble. The Federal Reserve chairman Ben S. Bernanke said “the government is pledging new regulations to stop predatory mortgage lending practices that are affecting so …

View More
Posted in Real Estate
March 23, 2007

How Much Can You Afford?

How Much Home Can You Afford to Buy in Today’s Market?

Although the median price of a home (real estate) continues to drop nationwide, many are finding it difficult to qualify for their first mortgage. A recent survey conducted by the National Association of Home Builders/Wells Fargo …

View More
Posted in Real Estate