Decreased monthly incomes among retirees are making it more difficult for people in this age group to buy homes, as many are now unable to qualify for a mortgage now that lending standards have been tightened up.
Archives for May 2012
What makes home buyers stay on your website? Is it all that wonderful text people are reading? Although we’d like to think it’s the great content you or your copywriter posted on each page, a lot of times what attracts different people are the images you’ve selected and placed throughout the website.
When it comes to investing in real estate, everyone knows that the internet has made it easier than ever to locate foreclosures, pre-foreclosures, short sales, and bank owned REO properties. Chances are your local Multiple Listing Service has hundreds of potential short sales and foreclosures listed at prices that are well below their original selling price prior to the housing market melt-down.
With today’s upside down real estate market where many homeowners are being forced to foreclose on their homes, questions are being asked if commercial real estate has been affected the same way and if businesses will be forced to close their doors due to poor market conditions.
Short sales are set to speed up from the beginning of next month, with new FHFA guidelines set to come into force on June 15. Under the new guidelines, Fannie Mae and Freddie Mac will be required to give a final decision on any short sale within 60 days of the homeowner’s request.
Any smart student of finance will tell you that it’s not a good idea to owe more on something than what it’s worth. That is why so many homeowners (especially those who had little to no buy-in) have simply walked away from their devalued homes, rather than remain underwater.
Property in Rio de Janeiro, Brazil, is beginning to look very attractive for foreign investors as prices continue their swift decline, fuelled by a sharp devaluation of the Brazilian Real.
According to the May 2012 Issue of FHA Watch, Uncle Sam is now a totally dominant force in home mortgage financing, along with other major sectors of the U.S. economy. But the question is, is this a help or a hindrance?
Real estate investing is a tough business at the best of times. Which means that nowadays, with markets in the shape they’re in, making a handsome profit is a very tricky stunt to pull off indeed. But with a little planning, anything’s possible…
Unless you’ve been hiding under a rock for the past 4 years chances are that you’ve heard a lot in the news about our country’s floundering real estate market. First there was the bubble, then an all out crash in some markets, and now we’re slowly but surely trying to measure a come-back with home inventories falling by almost 20% in April