Strategies for Purchasing Foreclosed Homes

fallingdownhouse

Strategies for Purchasing Foreclosed Homes By: Jacquelyn Marks Buying a foreclosed home, or even a new home is a significant investment that requires careful, strategic planning. This is not only because of the large amount of money involved in one single purchase, your choice and decision will affect your whole family’s life and lifestyle. After… Read More

Homeowners Pessimistic About Future Home Value

Homeowners Pessimistic About Future Home Value According to the Zillow Second Quarter Homeowner Confidence Survey, U.S. homeowners were less confident about the value of their homes in the second quarter, with one-third believing home prices had not yet reached a bottom. Homeowners were more pessimistic about the short-term future of home values in their local… Read More

Loose Lending Didn’t Create the Housing Bubble

“Contrary to the assertions of many economists and others, the boom and bust in housing over the last decade was not primarily caused by low interest rates, reduced down payment requirements, or laxer underwriting standards. Yes, after years of bashing the mortgage industry for lax underwriting, bashing the Federal Government for negligently low interest rates… Read More

Special Approval Designation Launches For Fannie Mae

Fannie Mae Launches Special Approval Designation Fannie Mae announced that it’s going to take a look at hundreds of condominium projects in Florida that may not currently meet Fannie Mae’s standard eligibility criteria to see if it can allow additional projects to become Fannie Mae-eligible through a new “Special Approval” designation. Projects deemed to be… Read More

Can the housing market rally last? (Everett Herald)

WASHINGTON — Extraordinary government efforts to stabilize the housing market are paying off. What happens when the help runs out is anyone’s guess.