Real Estate Market Articles and Videos - Page 7

Sometimes when you go through a divorce one partner lashes out at the other by running up credit card debt. If the credit cards are in both spouses' names it can be a real problem. What can you do post-divorce if you want to buy a home? If you're low on cash and your credit is bad, you should pay…

The real estate market is operating in favor of buyers, so sellers have to be patient until the market improves. If you're a seller with property you're anxious to sell, waiting for the market to swing back will certainly pay off. But the caveat is that the market may come back stronger in some…

As the Federal Reserve's Open Markets committee was meeting, the House of Representatives was busy working in Washington, DC.

The House of Representatives overwhelmingly passed HR 1852, the "Expanding American Homeownership Act 2007," which will revitalize FHA. Some of the highlights of the bill…

It looks like the mortgage crisis isn't being contained to the U.S.

There was news today that the United Kingdom's central bank, the Bank of England, extended an emergency line of credit to Northern Rock, one of the UK's largest mortgage lenders, reported the Washington Post. This caused some…

In another sign of the housing market's woes, First Horizon National Corp. is cutting 1,500 jobs, or 50% of its mortgage sales force, and shutting 50 offices, according to the American Banker.

The company's Web site says it employs 12,000 in 40 states. Its stock traded at $29.52 just before noon ET…

Home sellers used to have to choose between a full service real estate brokerage and the help of a real estate agent or selling a home themselves, in a for sale by owner scenario. Discount real estate brokerages have emerged to fill the gap between for sale by owner sales and full service real…

It's entirely possible that the U.S. won't return to a seller's market until sometime next year or later. The only wrinkle is that next year is a presidential election year and often, the housing market will slow while citizens consider who is running for office and what effect that is likely to…

Check out New York Newsday's series on the American Home Mortgage collapse: www.newsday.com/business/ny-bzahm0801-gallery,0,2624892.storygallery?coll=ny-business-print

And if you're looking to check out the HMDA data, check out: www.ffiec.gov/hmda.

August 22, 2007

What's an appropriate amount of earnest money or down payment? When you're buying a home you'll likely pay some earnest money to show your good faith - that you're really interested in the home. But how much money to put down as earnest money, which can later become your down payment, varies…

While the average commission for a real estate agent used to be 6 percent, or 3 percent per side of a transaction, the average commission rate has dropped significantly over the past few years. One reason is that the cost of doing business as a real estate agent has increased along with competition…

A fairly sophisticated money guy I know, who regularly pulls down nearly 7 figures a year, sent me an interesting email this morning.

He wanted to know what would happen to the mortgage on his vacation home if Countrywide Financial should file for bankruptcy. Countrywide gave him his mortgage.

The…

My son got a letter yesterday from one of his best buddies. The letter read, in part, "Moving On. Going to play for the other team."

We had already found out earlier in the day that two weeks ago, out of nowhere, a woman showed up and decided to buy my son's friend's house. His parents had been…

Today on the Ilyce Glink show, Ilyce recapped the week's stunning upset in the jumbo mortgage market. And, she talked about how a Portland, Oregon, woman won the $1 million lottery -- but a judge wants her to turn over the winning ticket because she used her ex-boyfriend's dead mother's credit card…

Today, on the Clark Howard Show, Ilyce Glink filled in. She recapped what happened with the stock market dive last week and suggested that you might want to watch the housing market closely in the next few months for clues as to where the stock market might be going. She also talked about how you…

Properties that once cost $100,000 are selling for 10 to 12 times that sum. How do you determine the true value of a home? There are many reasons why properties that seem too good to be true are still on the market.

Bob wrote:

I was driving to the airport this morning and heard your broadcast replay at 4:30.I hear you mention a web site where you could have your home place on MLS without a charge. I did not have a pen or paper to write this down and I woulod apprecaite if you would send me the name of the web…

If you're an apartment renter you may be wondering if now is the time to buy a home or condominium. Before you decide, you'll need to analyze the pros and cons of buying a home or condo and whether taking on a mortgage in the current real estate market is the right choice. You should look closely at…

When you're buying new construction you'll have to make a down payment, or a good faith estimate to show that you're interested in the property. Developers set their own standards for down payments or good faith estimates. To get the best deal on new construction it's good to hire a buyer's agent so…

Here's another question from the show today: What do you know about the Coral Springs, Florida real estate market for sellers?

I was in Coral Springs either earlier this year or last year. In general, Florida is tough for condo sellers but parts of it are okay for single family homeowners.

But knowing…

Hi Ilyce, I enjoyed your appearance on Talk of the Nation on NPR earlier today. Places like Florida, Calif and Mich are getting a lot of attention and talk time regarding dipping sale prices, foreclosures, etc. I am curious how the real estate market looks in the NW (Portland, Seattle)? I understand…

This week on the Ilyce Glink Show: Father's Day is something to be celebrated. Ilyce talked about lessons her Dad gave her throughout her life. There was a lot of news in the real estate world this week: A new study from the Federal Trade Commission showed that half of all borrowers surveyed didn't…

On today's show, Ilyce talked about the possible sale of her investment condo. It's a tough real estate market and she provided some guidance for sellers on how to move their property.

An economist, an investor, and a home builder talk about the current state of the real estate market. Homes are still selling, though the real estate market has slowed. When $1 trillion in adjustable rate mortgages resets in the next year will determine whether the real estate market slowdown…

This week on the Ilyce Glink show, Ilyce talked about how she finally received an offer for her investment condo. It's just a little lower than she was hoping. Several callers wanted advice on how to price their properties, and she talked about how to find ways to pay the extra $40 per week that gas…

Real Estate Minute with Ilyce Glink Supply of homes for sale growing, but not everywhere