The best-case scenario in a Congressional Budget Office report is a turnaround in construction by the end of 2009. The agency’s “pessimistic” outlook is a “housing depression” in which housing starts don’t recover to typical levels until 2012.
Meanwhile, rising unemployment could keep many renters from buying homes, despite falling prices. On the supply side, banks [...]
That makes four months now of about flat new home sales and, like the ten month stretch of relatively flat existing home sales, it’s possible that sales volume has gone about as low as it’s going to go.
Of course, that doesn’t mean sales are likely to go any higher anytime soon and, with foreclosures setting [...]
The housing market decline that has triggered a wave of foreclosures and deeply eroded recent home equity gains is also opening the door to ownership for renters who can meet tightening lending standards.
With the departure of the easy credit terms that triggered the mortgage market meltdown, lenders have raised the bar on who can qualify [...]
U.S. home builders, struggling under sinking demand and a credit crisis, now face a fresh obstacle: competition from a flood of homes in foreclosure.
Grappling with the worst U.S. housing market downturn since the Great Depression, home builders have curbed their building activities. They’ve also been slicing through their inventories of unsold homes by slashing prices [...]
Philadelphia courts will launch a pilot program next week requiring mediation between homeowners and lenders before foreclosure can occur.
The program is one part of a plan Mayor Michael Nutter unveiled Wednesday to address a nationwide mortgage crisis affecting many Philadelphia homeowners.
The city has already taken steps to address the problem, including delaying the sheriff’s sales [...]
Some East Bay residents are calling on three national banks to renegotiate their mortgages to help them avoid losing their homes.
About two dozen people protested outside the Antioch branches of Countrywide, Wachovia and Washington Mutual on Friday.
The protest was organized by a Contra Costa County interfaith group that wants the banks to convert customers’ risky, [...]
With foreclosures hitting all-time highs, it takes additional creativity to successfully market a home. But a home equity loan can help you dress up your property and complete a sale, even in a highly competitive market.
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Dressing up your home before listing it [...]
During November’s elections, the citizens of several states voted to increase the minimum wage, in order to keep pace with inflation. And nowhere is inflation felt as much as it is by those who took out a low rate adjustable-rate mortgage (ARM) during the past few years. Now that the prevailing rates have jumped 17 [...]
Housing prices are dropping steadily as interest rates are rising. Those who enjoyed the luxury and convenience of tapping into the rising value of their real estate holdings are suddenly feeling less wealthy. Americans relied on home equity lines of credit (HELOC) and home improvement loans during the past decade to fund everything from [...]
We are proud to partner with WCPO and showcase the Northern Kentucky communities of Independence, Erlanger, Elsmere, and Edgewood. Best Results Realty in Florence, KY is lead by principal broker/owner Sandy Huwel. Sandy was recognized by Cincinnati Magazine as one of the Best Residential Real Estate Agents in 2006. Best Results Realty hosts agents with [...]