Housing Market Articles and Videos - Page 4

Good morning! Here's what we're talking about on today's Ilyce Glink Show:

• Unemployment rolls soar to 5 million. A record number of laid-off people are now receiving unemployment benefits at the same time. Last week, new jobless claims hit 627,000.

• Wholesale inflation prices surged unexpectedly in…

If you want to know why Obama picked Arizona to annouce the Homeowner Affordability and Stability Plan, take a look at these statistics that were compiled by the White House and released in a media briefing plan. (Sourcing is noted at the end of respective paragraphs.)

Arizona jobs, unemployment and…

There has been a lot of grumbling (particularly on CNBC this morning when Rick Santelli took a poll in the pit as to who would want to pay for someone's housing mistakes) about people getting helped who don't deserve it.

Yesterday, the White House released these three examples of who might be able to…

Numbers for New Construction in December 2008 are out. Still no good news.

Building permits in December 2008 fell 10.7% from November and declined 50.6% from December 2007, to 549,000. For 2008 overall, building permits fell 36.2% from 2007, to 892,500. Housing starts in December 2008 declined 15.5…

Should you wait on buying a home until the housing market cools?. Just because the housing market cools, doesn't mean that property values drop, and buying a home may cost more. If you know where you want to live and can afford to buy a home, there's no reason to wait for the housing market to cool…

A homeowner can only get a reverse mortgage if the house is the owner's primary residence, but a home equity loan can be obtained even if the home is not the primary residence. Also, a home equity loan is available to a home owner of any age, where the homeowner must be at least 62 to qualify for a…

If you're trying to sell your home in the current housing market you may be having some trouble. You may not get as much for your home as you want if you sell in the current housing market. Instead of selling your home, maybe renting the home is a better option. Renting the home will enable you to…

When you're relocating your family for a short, set amount of time should you rent or buy a home? In light of the current housing market, it may be better to rent. You may not be able to recoup the costs of buying a home in a short time frame. When you're choosing between buying and renting think…

Although the real estate numbers for November show that the real estate market is slowing down, it still looks as if 2006 will be a strong year. Ilyce gives you some advice about how to manage you largest asset while keeping these new market trends in mind.

With the housing market in trouble, it may be tempting to buy a home solely on the basis of tax deductions and builder incentives. But a first time home buyer should look at factors beyond tax deductions and builder incentives including the neighborhood, whether the home will meet his needs and…

Refinancing mortgage loans on investment property has become more difficult since the credit crisis. Even with a good credit score you may be limited in your refinancing options. What can you do about refinancing an interest-only ARM? In many cases lenders limit mortgage loan workouts to borrowers…

If investors won't buy packaged loans from Fannie Mae and Freddie Mac, they don't have cash to buy loans from lenders. Then, lenders won't have cash to give you a mortgage to buy your house. With no one to give out home loans, the entire housing market grinds to a halt.

What do you think about the government's new Home Affordability and Stability Plan? Do you think it will affect the housing market. Or do you wonder what will happen to all the homes in foreclosure? Mold could be an issue. First time home buyers will get a tax credit - but what does the plan offer…

Lenders don't like to refinance a property that was just on the real estate market. They may worry that the home owner will try to sell the home again after the mortgage refinancing. Lenders prefer to refinance homes that are primary residences, as it can be expensive to underwrite and process…

The number of foreclosure filings in 2008 increased a dramatic 81 percent over that of 2007, announced RealtyTrac in its 2008 U.S. Foreclosure Market Report.

The report states that 3,157,806 foreclosure filings were made on 2,330,483 properties. That means that some properties were subject to…

According to the National Association of Realtors, if all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, which would be enough to significantly reduce excess housing inventory.

Lawrence Yun, NAR chief economist, said NAR…

As rapper DMX sits behind bars awaiting sentencing, looters have been allegedly pillaging his Cave Creek, Ariz., home, which was foreclosed by his lender. Reports say the home was neglected after he and his wife split.

DMX bought the home for $600,000 and it's currently on the market for $429,000…

Here's the video from my appearance on yesterday's Today Show:

Dec. 28, 2008

As we end the year, it's hard to picture just how awful a year this was. It's even harder to imagine what 2009 will be like if 2008 was this bad.

One way to judge a year is by the numbers. Here are a few of the most interesting:

Stock Market:

S&P fell 1.7% last week to 872; down 41% in 2008 Dow…

If you own a home, you may be wondering, "should I sell my house?" Consider the current housing market, the credit crisis and whether it's the right time to sell your house. Other factors to consider include unfinished neighborhoods and the effect of foreclosures as well as how long one may want to…

With the mortgage crisis and shifting American economy you may wonder "when is the best time to sell a house?" You can't time the real estate or housing market to sell a house. One expert, a top real estate agent in Chicago, says you will likely never buy low and sell high unless you're moving to a…