The resilience of the housing market is such that it will likely survive the next recession without home prices taking a substantial hit, according to a new report from title insurance firm First American Financial Services. “While the housing crisis is still fresh on the minds of many, and was the catalyst of the Great
Facebook pledges $1 billion to combat Bay Area housing crisis
October 23, 2019 by
Facebook is the latest big tech company to pledge money to address the shortage of affordable housing affecting the communities its workers live in. The company says it’s committing $1 billion towards a variety of initiatives meant to tackle the problem, following similar pledges by Google and Microsoft. The initiatives come at a time when
1 in 10 homeowners still underwater, says Zillow
August 22, 2016 by
Both urban and suburban communities have a significant share of homeowners in negative equity five years into the recovery, according to the new second quarter Zillow Negative Equity Report.
Is marijuana to blame for Denver’s housing crisis?
October 16, 2015 by
Although marijuana has had a positive effect on the local economy, the state’s largest city, Denver, has been hit by a housing crisis with many residents finding themselves priced out of the market due to rising home prices.
Homeowners Haunted by Old Foreclosure Debt
November 21, 2014 by
Many people who lost their homes to foreclosure between five and seven years ago have worked hard to repair their credit scores. Unfortunately just as things are getting better some are being chased by debt collectors for sums running into many thousands of dollars. They are being chased for the difference between the amount owed
Things to Think About When Purchasing a Home
November 4, 2014 by
Purchasing a home is the largest financial decision most of us will make so it’s important to do your due diligence. Things to take into consideration include the type of property you can afford, and which neighborhood will be best for you. It’s important to consider every point very carefully and to resist making an
Number of Homes Underwater Falls to Just Over 10%
October 6, 2014 by
During the second quarter of this year, nearly 950,000 homes went back into positive equity. This now means the total number of residential properties with equity is now 44 million. The level of borrower equity in the United States rose by approximately $1 trillion during the second quarter of 2014, compared to the previous year.
Rents Still Rising in the Major Cities
September 19, 2014 by
Even though the American Dream is still alive and kicking, growing numbers of people are renting their home. This is impacting realtors as well as home builders who have seen the numbers of buyers decline due to a combination of factors. These include the foreclosure crisis, and some people are choosing to rent rather than
HAMP Borrowers Facing Hike in Interest Rates
July 16, 2014 by
During the recent housing crisis, at risk homeowners took advantage of the federal government’s emergency plan to help avoid falling into foreclosure. Unfortunately now many could be facing a new crisis, which is an increase in interest rates. According to the article in aol.com, banks began sending out notices in June, warning of interest rate
Top Three Reasons Real Estate Deals Fall Through
July 13, 2014 by
Buying or selling a home is very rarely a completely smooth process. Often there are unexpected hiccups along the way that need to be addressed before both parties are completely happy for the sale to proceed. Unfortunately deals can fall through, wasting time and money. An article in aol.com looks at the best ways to
