Whenever new reports about the state of the US housing market are released, it is not unusual for many to get confused especially if the said reports show conflicting conclusions compared to a particular area. For this reason, most experts recommend that consumers look at what is happening locally and never compare it to national
No one has certainly expected the foreclosure crisis to endure the way it has endured. It has made over two million Americans homeless and continues to threaten millions more each day. Each time the federal government launches a program which is designed to address the housing problem; you can feel everyone’s disbelief when it turned out to be a huge failure. Only in the past couple of years did everything become clear — that the mess [...]
There is a consensus among real estate experts and analysts that the number of foreclosures will rise as lenders start to go through their shadow inventory or homes with foreclosure cases yet to be filed and processed. This inventory has actually worried those in the industry as the volume is uncertain as well as when the homes will enter the
It can be said the dust is settling down in the housing industry after the collapse of the subprime mortgage market. Experts believe the market is nearing bottom as evident in the surge of default notices for the month of August, a sign that lenders are now going through their shadow
One of the worst things that could happen to a homeowner is to have negative home equity. In simple terms, it means owing more in mortgage than what your home is currently worth in the market. For homeowners, being in such situation is certainly not a good thing, considering homes are investments and should appreciate and offer profit versus the monthly mortgage payments. When the time comes to sell, the homeowner should be able to enjoy [...]
Although most news involving the housing has been on the negative side, it cannot be denied that when it comes to purchasing foreclosures, home buyers have been singing praises about their decision to buy these repossessed properties for investment
Although the foreclosure crisis rages on and has already left in its wake millions of homeowners who have lost their homes to foreclosure, homeownership remains to be among the top priorities for most Americans. Surprisingly, even renters would like to see themselves as proud homeowners one of these
Cheap fixer upper for sale homes and low-priced distressed residential properties are weighing down the housing market of Louisville, Kentucky, just like most metropolitan areas of the U.S. However, analysts believe that the metro region will be among the first to recover economically, with its housing industry also tipped for a faster recovery.
Housing unit resales, including stand alone dwellings, bankruptcy homes for sale and condo units, declined in Denver, Colorado, in February of this year compared with February 2010. The drop in resale figures in February followed a January drop in the same category covering the same period.
Homebuilders in Phoenix, Arizona and in most areas of the U.S. have stepped up efforts to convince homebuyers that a bank foreclosure sale carries a lot of risks and that they will be better off purchasing a new house. According to housing market observers, builders are launching marketing efforts to point out the problems of foreclosed properties to buyers in an effort to lure them to the new home market.
