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I'm sorry to say that 2008 was not time to sell if you are not going broke.
But as we move into 2009, the news doesn't look too good: 53 percent of loans that were modified to reduce principal, payments or the interest rate are already delinquent. Foreclosures continue to rise. And unemployment has suddenly jumped, to 10 percent in ...
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Home prices in 20 major metropolitan areas fell 1.0 percent in August from July, according to the Standard & Poor's/Case-Shiller Home Price Indices.S&P said in a statement its composite index of 10 metropolitan areas declined 1.1 percent in August from July for a 17.7 percent year-over-year drop, also a record."The downturn in ...
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HI
I'm starting to feel that sellers are getting in tune with the market. I'm not getting negative comments about low prices and I feel that sellers are accepting the price that real CMA's are coming up with. Know all we need are for Banks to start lending money in a responsible way to people who cam ...
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Hi
Just a quick note
I dont get that we are given stats that are year to year .
I think this real estate market need to look at 3 to 4 year cycles and not year to date or year to year it would be mutch more telling.
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It's sad that investor will be losing money .
The only way that this market will turn around is for prices to drop 15% to 20 % .
Citi group one of the bigest banks in the world has just put out a report that stays "As part of its writedowns, Citigroup estimated an average residential real estate price reduction for the country and ...
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}We hasve 20 000 new condos just coming on the market in the next months.
We can find customers for the one already out there.
It's time to make some ...
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Two years ago we peaked we where at the top and properties sold well and fast.
Since then properties have not sold and price have gone up as fast as inventory..
This can not work we need a major price drop .
My thought is to go back to 2003 or 2004 prices .
Those prices about 40 % less than today prices where the last time that real ...
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my last blog talked about getting money for your with a investor buying a %.
You can also go in and buy a bigger house using this method.
Here is how Rex&co explains it "Buy More HouseBetween down payments and debt, there are many reasons why homebuyers settle for the house they can get, instead of the house they really want. No more. ...
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