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Archive for March, 2008

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Housing Prices Drop 11.4% in January

Single-family home prices in the top 10 metropolitan areas in the U.S. were down 11.4% in January compared to last year, according to the S&P/Case-Shiller home-price indexes. The move marks the latest in a series of blows to the housing market since the subprime collapse took its toll and forced thousands of foreclosures. These foreclosures […]

Popularity: 100% [?]

25Mar2008 | Justin Kuepper | 0 comments | Continued
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Leasing a Storefront Property

Storefront properties are those that have visibility from the street and are typically great investment properties given their low tenant turnover compared to office properties. Many storefront investment opportunities come in the form of outdated commercial or even residential properties located in downtown areas that can be improved or converted to lease for a steady […]

Popularity: 96% [?]

24Mar2008 | Justin Kuepper | 0 comments | Continued
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Bargain Hunters Emerge in Housing

Existing home sales climbed for the first time in seven months as bargain hunters began to take advantage of sharply falling home prices. Home sales in February increased 2.9% from January’s numbers, according to a report by the National Association of Realtors. However, year over year sales were still down 24% while the prices of […]

Popularity: 48% [?]

24Mar2008 | Justin Kuepper | 0 comments | Continued
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Condo-Hotels Are a Great Investment! Sometimes.

A number of hotels located in premium resort locations are making their guests a unique proposition these days: You can buy this room as a condo unit and we’ll rent it out while you’re gone. The idea is that you can stay in the condo anytime you want, build equity over time, and receive rental […]

Popularity: 43% [?]

17Mar2008 | Justin Kuepper | 0 comments | Continued
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Homebuilders Index Worsens

The U.S. Homebuilders Index held steady at twenty - as many economists predicted - but a key component measuring expectations for new home sales over the next six months dropped even further during the month. The data indicates that many home builders remain deeply concerned about the future and have little confidence in a housing […]

Popularity: 40% [?]

17Mar2008 | Justin Kuepper | 0 comments | Continued
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Home Improvement Loans 101

Home improvement loans are home loans used to finance improvements on your house or property. These improvements can include repairs, a new bathroom, a new kitchen, any extensions or simply general improvements. Interestingly, these loans were also the original home-equity loans before they grew into a limitless line of credit. The theory is that any […]

Popularity: 32% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Fed Takes New Direction to Curb Crisis

The Federal Reserve announced that it would attempt to inject liquidity into the credit markets by lending $200 billion in return for bad mortgage debt. Essentially, Ben Bernanke’s organization is trying to create a market for these mortgages that haven’t been traded in months (since nobody knows how much further they will decline). The hope […]

Popularity: 18% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Affordable Housing No Longer So Affordable

Affordable housing may be the latest victim of the credit crunch as many projects are being canceled thanks to banks scaling back their support in the government’s largest and most prolific affordable housing tax-credit program. Large banks and other insitutions that finance these projects are without profits in 2007 and thereofre have very little need […]

Popularity: 19% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Home-Equity Loans Turn to Poison

Home-equity loans appear to be the next source of problems for consumers and as banks. Lenders made billions of dollars in the past by allowing consumers to tap the accumulated value in their properties with either a loan or a line of credit. However, these profits relied on the assumption that housing prices would continue […]

Popularity: 19% [?]

12Mar2008 | Justin Kuepper | 0 comments | Continued
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Debt Outpaces Value of Housing

The mortgage crisis is beginning to take a turn for the worst by slicing into home equity. Many homeowners are now finding that they have no equity left on their house and are facing rising interest-only payments that they are struggling to pay. The problem is that declining housing prices has wiped out any value […]

Popularity: 20% [?]

7Mar2008 | Justin Kuepper | 0 comments | Continued