December's dismal jobs numbers combined with an overall increase in home inventories paints a pretty grim picture for the start of 2011. Experts expectations have not been met for months, and still media and the industry is all too often overly positive in their forecasting and evaluation of the situation. Without good jobs, jobs that help pay mortgages, no market will be emerging this year or any year from the greatest recession in 80 years. [...more]
The single best advice anyone can get for buying real estate during a downturn is to do their homework. Fantastic fortunes have been won and lost entering into a bullish "buyer's market" - get your numbers in a row. Seeking the advice of a real estate professional is always a good idea when buying a home, but even more so when the market is stagnated. A good deal may be a pig in a poke. [...more]
Year in and year out, the housing market sees younger and younger people buying into their American Dream. Young people in these times have learned to save their money better than previous generations. It is crucial for young potential homeowners to understand not only their house payment, but the many pitfalls of home ownership. [...more]
The economic crisis has been blamed on everything from Wall Street conniving to sun spots, but in truth the biggest part of the recession is due to overinflated credit expectations. Loan approvals which never should have been given the stamp of approval caused borrowers and banks to fall into a deep crevasse of debt. The solution for budding homeowners is simple, ensure your ability to buy and maintain your home. [...more]
People in America need the best advice they can get whether they are trying to hold onto their homes, or about to purchase one. Some banks in today's stagnant market offer assistance many are not even aware of. Knowing the best strategies, and who offers the best solutions is crucial for anyone who invests in or wants to own a home. [...more]
Foreclosures in America have reached the level of a national disaster. Distressed properties put burdens on banking and other institutions, cause more job loses, and stagger the entire economy of the world's most prosperous nation. But experts tend to think everyone understands what a foreclosure is. RealtyBizNews presents a primer on the common sense definition of foreclosure, and some simple terms many people may not understand. [...more]
The US housing market is till in stagnation even with government initiatives to relieve foreclosures and short sales. Until the job market improves, there is little chance for a full recovery even in the long term. However, price incentives do prop up the market for 2011. It's a buyer's housing market, but just how many people have the money to buy? [...more]
Understanding interest rates, loan types, and the housing market in general can be a bit too much for the average person. Most people just want the American Dream and to know how much and when to pay. But this is one reason the country is in such a pickle where housing is concerned. RealtyBizNews presents another brief tutorial about the different types of loans, and who actually owns the paper on your house. Learn a bit more about who Freddie Mac and Fannie Mae are, for your own good. [...more]
One economist warns investors of putting too much confidence in the real estate market just yet. One of the world's top portfolio experts, David Rosenberg, says the market is still too mercurial being propped up by government incentives. He warns that the economy and Wall Street are far too dependent still no what happens with the housing market. Are some experts inflating expectations? Without a recovered job situation, there is no chance for the housing situation in the long term. [...more]
