Foreclosure Bargains in 2011
With the average foreclosed home in 2010 selling at a 28% discount from traditional sales, and with banks preparing to increase their sales of distressed properties, foreclosed homes will offer even greater bargains in 2011. Continuing sluggishness in the housing market, combined with high levels of inventory, should provide great buying opportunities . . . → Read More: Foreclosed Homes Will Offer Even Greater Bargains in 2011
Stop Whining About the Mortgage Interest Deduction
As congress and the Administration begin considering the new budget, there have been loud cries in opposition to cutting what some consider “sacred cow” programs, such as the mortgage interest deduction, social security, and subsidies to farmers and business. The whining has already begun.
During the past few months there . . . → Read More: Let’s Stop Whining About the Mortgage Interest Deduction
Today I received an email from a subscriber to The Housing Guru, asking: “How will the new Fannie/Freddie rules affect home ownership?” The writer planned to purchase a home in the next 3 to 5 years and wanted to know if the mortgage process would get easier or more difficult because of the changes being discussed.
My . . . → Read More: Will The New Fannie/Freddie Rules Affect Home Ownership?
Recent articles have described how aging baby boomers will impact the housing market; and with numbers that may reach as high as 77 million, the results could be significant. Boomers made their presence felt during the past decade as “adult communities” spread across the country, and many builders profited as thousands of active adults sought environments . . . → Read More: How Aging Baby Boomers Will Impact the Housing Market
California Court Says Foreclosed Homeowner Can Sue Bank for Fraud
Many of the recent news stories about bankers have been less than sympathetic; and a new ruling from a California court provides yet one more illustration of why public opinion of the banking industry has fallen so low. In what could be a major setback for big . . . → Read More: California Court Says Foreclosed Homeowner Can Sue Bank for Fraud