Author Archives: Guest Author

The real estate market is still in the doldrums, despite the fact that home prices have dropped substantially and are quite low in most regions of the U.S. On top of that interest rates are at near record lows, and recently there have been quite a few reports about how the U.S. economy is improving and creating a lot of jobs. So why is real estate, and in particular new homes construction and sales, still dragging along the bottom? Continue reading →

Strategic mortgage default is in the real estate news these days. Since many homes have lost a lot of market value since they were purchased and the amount owed on the property is much more than the home would currently sell for, some people are deliberately letting the home go into foreclosure so the homeowner can get out of the debt. Continue reading →

The recession officially ended about 19 months ago, and since then there has been an economic recovery of sorts, but job creation has been very slow. In addition, many jobs have moved to overseas locations where labor is less expensive, and it is unlikely that these jobs will return to U.S. soil anytime soon, if ever. The result has been an unusually high number of foreclosed homes on the real estate market, as people who lost their jobs could no longer afford to make their mortgage payments. Continue reading →

For people who have stable employment, and there are many industries in the U.S. and around the world that are doing well right now, conditions are excellent to purchase a home, either to live in or as an investment. Mortgage interest rates have gone up slightly in the past couple of months, but one can still obtain a 30 year loan for rates well under 5%. Levels this low were unheard of for decades in the lives of many baby-boomers. On top of that home prices have dropped substantially in many markets from the absurd levels they reached during the heights of the housing boom a few years ago. Many locales have seen average home prices drop by half. Continue reading →