Jan 12th 2012 11:30AM
Lending standards may be rigid and home prices tottering, but the silver lining of the housing bust continues to twinkle at homebuyers. Homes are now more affordable than they've been in 40 years, reports the Housing Predictor news site. The U.S. Department of Housing and Urban Development has just affirmed that Americans... Continue Reading »
Mar 23rd 2011 4:37PM
Happy days are here again, at least for the sellers of multimillion dollar homes. After four solid years of penny-pinching, the rich are opening their pocket-books to buy real estate. Cash sales are on the rise. Sales of multimillion dollar homes and condos are up in all 20 major U.S. metro areas, some of which have seen... Continue Reading »
Feb 15th 2011 5:30PM
With cheap mortgage rates topping 5 percent for the first time since April 2010, it's time to start getting serious if you're thinking of buying a home. While rates are still historically low, as the government begins to make decisions about what to do with Fannie Mae and Freddie Mac, you can be certain of one thing --... Continue Reading »
Nov 17th 2010 1:19PM
Homeowners may finally have something to smile about. A report by the National Association of Realtors reveals that homeowners' net worth is roughly 41 times that of the average renter. In dollars and cents, the group estimates that the average homeowner's net worth ranges from $150,000 to $200,000, thanks primarily to... Continue Reading »
Nov 5th 2010 4:00PM
More Americans find themselves in a position of negative equity -- owing more on a mortgage than the home is currently worth. By itself, negative equity isn't necessarily trouble. Those who can afford their monthly mortgage payments and have a safe loan structure can wait out the market until home values improve. For... Continue Reading »
