Homeowner Affordability And Stability Plan: Who Gets The Help?
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…
No ratings
Posted on:
Feb 19, 2009
New Construction Drops
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…
No ratings
Posted on:
Jan 22, 2009
Real Estate Fraud: Preventing Bogus Home Buyers
When luxury homes are put on the market, bogus home buyers may come out of the woodwork and commit real estate fraud just to take a look at your house. Ilyce recommends methods to prevent real estate fraud and having bogus home buyers walk through your house. In more wealthy neighborhoods, some…
No ratings
Posted on:
Jan 19, 2009
Home Improvement Projects Important Prior To Selling Home
How much work should you do on home improvement projects prior to putting your home onto the market? Making a few simple home improvement projects a priority before selling is a must. By doing basic things before selling, and making your home look as fresh and neutral as possible, you'll not only…
No ratings
Posted on:
Jan 19, 2009
Auctions Sell Homes Quickly In Tough Housing Market
If you're eager to sell your home in a tough housing or real estate market you may want to try an auction. Unlike lotteries, which are illegal, using an auction is an acceptable way to quickly sell your home. To auction your home you need to use a real estate auction company or a website such as…
No ratings
Posted on:
Jan 19, 2009
Location, Location, Location Still True For Home Buyers
When you're buying a home it's really important to pay attention to what's located near and around the property. Facilities such as homeless shelters may deter future home buyers from buying your property. In addition if a business next door to the property you're buying has a lot of traffic that…
No ratings
Posted on:
Jan 19, 2009
Renting Beats Buying A Home In Short Term
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…
No ratings
Posted on:
Jan 19, 2009
No ratings
Posted on:
Jan 19, 2009
Credit Crisis Makes Refinancing Mortgage Loan Difficult
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…
No ratings
Posted on:
Jan 19, 2009
Real Estate Open House Don'ts
If you've listed your house for sale, you want your home to stand out from the pack -- and not because you had dirty clothes all over the bedroom floor. Check out this list before you leave your home open for a showing. Sell your house quickly by giving a great first impression at a real estate open…
No ratings
Posted on:
Jan 19, 2009
Lenders Hesitate to Refinance Home That's Been on the Market
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…
No ratings
Posted on:
Jan 19, 2009
No ratings
Posted on:
Jan 19, 2009
Foreclosures Increase Whopping 81 Percent In 2008
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…
Posted on:
Jan 15, 2009
Rapper DMX Loses Home To Foreclosure
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…
No ratings
Posted on:
Jan 7, 2009
Clark Howard - December 31, 2008
We're going to say goodbye to 2008 today:
- Goodbye to the worst stock market in about 80 years....
- Goodbye to the worst real estate market since the Great Depression....
- Add your goodbye here ....
I'll also have some New Year's resolutions for you to jump start your 2009.
Please join us online at…
No ratings
Posted on:
Dec 31, 2008
The Numbers: Here's What 2008 Looked Like
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…
No ratings
Posted on:
Dec 28, 2008
Home Loan Tips And New Year's Resolutions 2009
The 2008 mortgage crisis increased the numbers of foreclosures and short sales in the U.S. Lenders responded by tightening rules for new home loans. If you want to buy a home in 2009, what do you need to know before looking for your home and home loan? What can you do to make yourself a desirable…
Posted on:
Dec 19, 2008
Foreclosures Rising In The Real Estate Market And Realtor Ethics
What are some ways to slow the rising number of foreclosures in the ailing real estate market, and what to do if you're questioning a realtor's ethics? Suggestions for improving the real estate market and slowing foreclosures include enforcing the Realtor Code of Ethics, encouraging prelisting home…
No ratings
Posted on:
Dec 17, 2008
Sell My House Decision In This Housing Market
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…
No ratings
Posted on:
Dec 3, 2008
Housing Market: Sell This House High And Buy Low
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…
Posted on:
Dec 2, 2008
Today On The Ilyce Glink Show: November 30, 2008
Today on the Ilyce Glink Show, we're going to go over all of the big economic events of the week:
- President-Elect Obama named his economic team
- The stock market rose nearly 10 percent
- The government bailed out Citibank
- Treasury and the Fed announced an $800 billion bailout to boost consumer…
No ratings
Posted on:
Nov 30, 2008