Wednesday, May 14, 2008
Saturday, May 03, 2008
Wednesday, April 16, 2008
Why Home Buyers Should Understand the Importance of Interest Rate Drops
Home buyers too frequently treat interest rates as a secondary concern. Many buyers will stress over $300 or $400 in negotiations over purchase price. But when told that interest rates dropped half a point, home buyers will often respond with a shrug...[more] [Broker Agent News, Ki Gray April 2008]
Friday, April 11, 2008
5 Tips for Buying a Home in a Down Market
The subprime mortgage bust has scared a lot of people away from the housing market. The nightly news is filled with images and stories of everyday Americans who are losing their homes because they made greedy and uninformed decisions, they were taken advantage of by predatory brokers, or a combination of these situations. However, the news isn’t all bad. This decline in the market has dropped prices and made housing affordable to many fiscally responsible renters who never considered home ownership to be an option.
If you find yourself house-hunting, make sure that you follow these five simple steps to take advantage of this downturn in the market; if you don’t, you could be the next sad story on your local news...more [Bankaholic.com April 10, 2008]
Friday, March 28, 2008
Sunday, March 16, 2008
A Different Approach to Revitalizing the Housing Market
While U.S. Federal Reserve rate cuts and the economic stimulus package are helpful, they aren't enough to bring the economy back from the brink of recession. Some mortgage lenders' decision to temporarily suspend the foreclosure process through "Project Lifeline" is encouraging, but more drastic steps need to be taken to help a housing market that is obviously in trouble.
Few would disagree that the explosive growth in the housing market (prices and inventory) over the past several years was stimulated by lenders providing easy financing. As is typical with most major purchases, as financing becomes more affordable, an increase in demand will follow.
While it is easy to blame "subprime" lenders, More... [Lyle Martin- Broker Agent News 2008]
