It’s little surprise, then, that we are seeing so many foreclosures across the country. Salaries just aren’t keeping up with the constantly increasing cost of living. Those mortgage payments that seemed doable just a year or two ago, are now overwhelming.
Lowe’s announced today that its first-quarter profit dropped 18 percent. One of the reasons cited by the retailer? The housing slump, of course.
Now that Fannie Mae has discontinued its “declining markets” policy, borrowers in markets where housing prices have been falling can still get mortgage loans with a 95 percent loan-to-value ratio.
The survey, conducted by the National Association of Realtors, says that a greater number of real estate agents are earning additional professional designations. To earn these designations — which agents usually list as various initials after their names — Realtors must take several classes and pass tests. In other words, they must study up on their business.
For years, the size of the average U.S. house has grown. But a story by Stephen Gandel on CNNMoney.com, which you can read here, says that a combination of rising fuel costs, an aging population and a growing environmental movement may result in the opposite: Our average homes may soon be getting smaller.
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
There are a lot of reasons to move to Las Vegas. If you’re looking to invest in residential real estate, though, you’d best stay away.
According to the National Association of Home Builders, home remodeling work remained steady in the first quarter of this year.
Why has our country become so cold-hearted? Isn’t it a fair tradeoff to help some who are undeserving if we can prevent hard-working families — at least some of them — to avoid losing their homes?
California senators yesterday voted to channel more funding toward the investigation and prosecution of real estate fraud in their state.
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