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Property Crossroads - Real Estate Info

September 6th, 2008

Finding affordable housing not impossible

Durin g the housing boom of 2001 through 2006, the prices of single-family homes and condominiums shot up to amazing levels. I remember wondering, once the median sales prices of existing homes raced past the $200,000 mark, how were most people in the United States going to afford a home?

By Dan -- 0 comments

August 13th, 2008

Midwest dominates “dying cities” list

I’ve grown up in the Midwest, what the rest of the United States calls “flyover country.” So it pained me to see the latest list by Forbes.com. The editors there put together a feature story on the United States’ fastest-dying cities. Of course, the Midwest — and Ohio, specifically — dominated the list.

By Dan -- 0 comments

December 19th, 2007

Fannie Mae write-offs tops in Michigan, Ohio

Fannie Mae, which the Associated Press reports funds one of every five home loans in the United States, has written off $185 million of mortgage loans made to homeowners in Michigan and $101 million to those in Ohio. This means that Fannie Mae has decided that it has no chance of recovering any payment on these loans.

By Dan -- 0 comments