Feb 28th 2011 10:39AM
Over the past two weeks we have been bombarded with housing market data, much of it seemingly contradictory. • On February 15, the National Association of Home Builders released their Housing Market Index for February. The Index measures confidence among home builders, where 50 is neutral, higher is positive, and... Continue Reading »
Nov 10th 2010 5:37PM
Underwater homes remain a growing problem and home prices are still falling, despite already having slid substantially. The third quarter of 2010 registered a decline of 4.3 percent year-over-year and dropped 1.2 percent as compared to the same quarter last year, according to Zillow.com. Underwater homes -- those with... Continue Reading »
Sep 24th 2010 5:30PM
Scott and Shantal Murphy relocated to Phoenix in 2006 and bought a home in nearby Mesa, Ariz. for $325,000 at the height of the real estate market. By 2008, when the family decided to pack up and move to Texas, the home was only worth $225,000, leaving the family so far underwater that the only way out was a short... Continue Reading »
Jul 27th 2010 11:58AM
Leave it to American ingenuity. As more and more homeowners find themselves underwater -- that is, in possession of mortgages for greater amounts than their current homes are actually worth -- some are trying to improve their situations by selling their current homes at a loss and buying ones double the size for not much... Continue Reading »
May 24th 2010 12:00PM
Would you ever considering walking away from your house and giving it back to the bank? Trulia.com and RealtyTrac.com surveyed homeowners online to ask if they would walk away from their home if they were unable to make the mortgage. In a poll taken May 10 to May 12, using Harris Interactive, only 1 percent said it would... Continue Reading »
