Other Recent Articles
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: 55% [?]
24Mar2008 | Justin Kuepper | 0 comments | ContinuedCondo-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: 49% [?]
17Mar2008 | Justin Kuepper | 0 comments | ContinuedHomebuilders 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: 46% [?]
17Mar2008 | Justin Kuepper | 0 comments | ContinuedHome 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: 36% [?]
12Mar2008 | Justin Kuepper | 0 comments | ContinuedFed 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: 20% [?]
12Mar2008 | Justin Kuepper | 0 comments | ContinuedAffordable 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: 20% [?]
12Mar2008 | Justin Kuepper | 0 comments | ContinuedHome-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: 21% [?]
12Mar2008 | Justin Kuepper | 0 comments | ContinuedDebt 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: 22% [?]
7Mar2008 | Justin Kuepper | 0 comments | ContinuedFHA Increases Loan Limits
Sizable increases in key mortgage limits today by Fannie Mae and Freddie Mac may finally deliver the first dose of real help for the troubled housing market. The two quasi-governmental companies that underwrite the majority of the nation’s home loans are now offering higher mortgage limits in many counties across the United States. This means […]
Popularity: 20% [?]
7Mar2008 | Justin Kuepper | 0 comments | Continued10 Tips to Avoid Foreclosure
The Department of Housing and Urban Development (HUD) offers some valuable tips for avoiding foreclosure. Here are the ten most important parts to take away from their advice:
Don’t ignore the problem.
The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
Contact your […]
Popularity: 19% [?]
5Mar2008 | Justin Kuepper | 0 comments | Continued
