real estate bubble
Industry Reaction to Obama Admin Proposal to Phase Out Fannie Mae and Freddie Mac
Industry reaction from California Association of Realtors to Obama Admin proposal to phase out Fannie Mae and Freddie Mac. Obama Administration and Treasury Secretary Timothy Geithner call for a housing overhaul and the winding down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner called for a mortgage system overhaul and the wind down of Fannie Mae and Freddie Mac and the California Association of Realtors had a negative industry reaction to the obama admin proposal.
Obama Administration Calls For Housing Overhaul, Winding Down of Fannie Mae and Freddie Mac
Obama Administration and Treasury Secretary Timothy Geithner call for a housing overhaul and the winding down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner called for a mortgage system overhaul and the wind down of Fannie Mae and Freddie Mac. Treasury Secretary Timothy Geithner proposed three options to Congress for the wind down of Fannie Mae and Freddie Mac
Economy Cause of Foreclosures, Not Bad Lending Says New Survey
Subprime mortgages are often pointed to as being the culprit behind the housing market crash, however a new study found that, in Pennsylvania, subprime mortgages played a very minor role. It was the loss of a job and one other significant lifestyle change that accounted for the majority of Pennsylvania homeowners falling into foreclosures.
What Is My House Worth?
What is my house worth? Homeowners across the country may find that their home values are dropping and they owe more money on their mortgage than the house is worth. A report from Deutsche Bank predicts that almost 50 percent of homeowners will be underwater on their mortgage by 2011. The real estate property values of homes are dropping, while homeowners have continued to take out equity from their homes over the past decade. With dropping home prices and less equity, more and more homeowners will be underwater on their mortgage and may default on their mortgage.
Home Buying Requires Down Payment, Perhaps From Tax Credit
During the housing bubble it was possible to buy a home for nothing down. Today, you have to have a down payment. But where can you get a down payment to buy a home? Fannie Mae and Freddie Mac have said that the biggest obstacle to home buying is a cash down payment. But that down payment ensures you have “skin in the game” and are more likely to take your home buying seriously. To get a down payment you’ll either need to save the cash or, if you live in a state that offers down payment assistance through a second mortgage to be repaid by the federal tax credit, you can try that route.
5 Ways to Know the Real Estate Market is Improving
My mother said something interesting to me the other day. She said, “The Realtors in my office are much busier than they were two months ago. They’re …
Flipping Real Estate In Down Market
What should you do when you were into flipping real estate and it’s no longer profitable? Flipping real estate is less profitable when home market values go down. When the real estate market declines you should do your best to continue making mortgage payments so your credit doesn’t get damaged.
Real Estate Minute: Home Sales Are Down, And Then They Go Up
Real Estate Minute with Ilyce Glink
Home Sales are Down, and then they go up
Original Air Date: September 1, 2006
Opinions On The Real Estate Bubble: Naysayers
What do real estate experts think about the real estate bubble? The best real estate experts are the people in your neighborhood who define the market — by buying or selling houses, or waiting to do so, and by the prices at which they are willing to buy and sell. Our ThinkGlink.com Real Estate Bubble Survey gathered consumer opinions on the housing bubble, and we’ve posted some of the free form comments below.
Real Estate Trends 2005: New Construction Sales Up, Existing Homes Down
2005 real estate trends show a rise in new construction sales, but a decrease in the sales of existing homes. The National Association of Home Builders just released their data on 2005 real estate trends, showing that new construction sales increased 13 percent but sales of existing homes fell 2.7 percent.
