Tag Archive | "credit"
Pending Home Sales for September Show Uptick
Is this a change in direction for the housing market? Nationally, home sales activity “surged” in September as buyers took advantage of low home prices and affordable interest rates, according to a NATIONAL ASSOCIATION OF REALTORS® report released today. The Pending Home Sales Index, a forward-looking indicator based on home sales contracts signed in August, [...]
Continue reading...Why Did Mortgage Rates Rise After The Fed Cut Rates?
Friday, October 10, 2008
These mortgages typically fluctuate based on something other than the prime rate, and the two most popular indexes used to calculate these rates have behaved strangely in recent weeks and months because of the credit crisis. … More here: Why Did Mortgage Rates Rise After The Fed Cut Rates?
Continue reading...$7500 tax credit revisited
Thursday, October 9, 2008
This includes single-family detached homes , attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes ) and houseboats. Instead of buying a new home from a home builder, I have hired a contractor to … Here is the original [...]
Continue reading...Home Insurance Guidance
Thursday, October 9, 2008
You know what the old saying is when it comes to Real Estate Contracts or for that matter any Contract? Always take time to read the fine print! It is crucial to know what is on the paper you are about to sign before the ink hits the paper. Similarly, when you purchase and [...]
Continue reading...Are Things Bound To Get Worse ?
Wednesday, October 8, 2008
There are a couple items out there today that could indicate that the sub-prime mortgage crisis, and the credit crunch that resulted from it, are far from over. First, Felix Salmon makes note of this report about LIBOR rates: Increases in benchmark London interbank offered rates may boost homeowner defaults on resetting adjustable-rate [...]
Continue reading...Was Chicken Little Right?
Wednesday, October 8, 2008
However, I do have some observations about our local real estate market - lovely Richmond, Virginia , my hometown - which I am listing below in no particular order. 1. I’ve said this before, but it continues to be true: It is a great … Read the original post: Was Chicken [...]
Continue reading...New build home numbers could drop below 100,000 next year, warns RICS
Wednesday, October 8, 2008
New build home numbers could drop below 100,000 next year, warns RICS The Government’s housing target of building two million new homes by 2016 is looking further out of reach with the downturn in the construction industry sending growth in private housing workloads to a record low, says the latest RICS [...]
Continue reading...Bailout plan should help homeowners first
Tuesday, October 7, 2008
As a professional Realtor for the past 14 years, I have never experienced so many homeowners and builders going into foreclosure, or faced with pending foreclosure. http://www.topix.com/personal-finance/cred… Read the rest here: Bailout plan should help homeowners first
Continue reading...Mortgage meltdown to hit credit card users
Tuesday, October 7, 2008
Credit card debt and mortgage debt are two sides of the same coin on the American personal finance landscape. And now, it appears they are poised to become a two-headed monster. Consumers with credit card debt can expect to feel the … Continue here: Mortgage meltdown to hit credit card users
Continue reading...Mortgage Lessons From Down Under: US Politicians Were Wrong to …
Monday, October 6, 2008
Politicians who pimped this dream created an unsustainable mortgage industry whose collapse is only surprising because it didn’t happen earlier. America’s mortgage industry will not recover, nor deserve to recover, unless it is prepared … Read the original: Mortgage Lessons From Down Under: US Politicians Were Wrong to …
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Friday, October 10, 2008
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