Mortgage rates now at historic lows.
It was widely reported this past week that 30-year mortgage rates were at a historic low. Rates dipped below 4% for the first time since the government has been keeping… Read more »
Category: National News and Trends
Shadow inventory continues to depress the market
What is the shadow inventory? Ok, first, lets define “shadow inventory” The term describes houses that are in some stage of repossession, but have not yet come to market for… Read more »
Real Estate Crisis or Credit Crisis?
Sell your house fast! I wrote a few days ago about the astounding number of mortgage applications that are being turned down. Statistics show that people with good credit and money down… Read more »
Tight credit makes it harder to sell houses.
The June 25 2011 edition of the Wall Street Journal had a front page article titled “Tighter Lending Crimps Housing”. The article talked about the number of credit application that… Read more »
Foreclosure Glut Pushes Prices Down
A recent article in the New York Times supports what I have been saying for a long time…the housing market is going to get worse before it gets better. The… Read more »
Tough Love for Distressed Borrowers
The Wall Street Journal published an excellent article on March 4, 2011, arguing that banks should quit trying to work out distressed loans and just go ahead and foreclose. The… Read more »
Is your house a good investment?
On February 24, Fox News ran an interesting story on homes as investments, specifically people viewing their primary residences as investments. You can see the video here: Nest Eggs Shrink… Read more »
Foreclosure rates are down, but it’s not a good thing…
Foreclosure rates are down, not only in Bay County, but across the country. Good news, right? Well, not really. Even though the pace of foreclosure filings is down, mortgage delinquencies are still… Read more »
How To Lose Money Investing In Real Estate.
Back in November 2006, CNN/Money.com published an article titled “Top 10 Cities: Where To Buy Now”. Guess what city was Number One on that list? You guessed it! Panama City,… Read more »