Maximizing your Real Estate Power in Today's market

By
Real Estate Broker/Owner - Affinity Realty
RECENT BLOG POSTS
Homebuilders' confidence in the housing market remained at record low levels, a trade group said Monday. The NAHB/Wells Fargo housing market index for August held at a seasonally adjusted reading of 16, matching July's reading. Economists surveyed by Thomson/IFR also expected the index to remain ...
08/19/2008
Washington policy makers and housing industry insiders hope a new tax credit for first-time home buyers will get the moribund housing market moving again. But most analysts agree that the program is more of a band-aid than a cure-all for the battered real estate market. What's more, others are qu...
08/19/2008
That catchy slogan, dreamed up by the Fallon Worldwide advertising agency, was pitched in 1999 to executives at Citicorp who were looking for a way to lure Americans to financial products like home equity loans. But some in the room did not like it. They worried the phrase would encourage people ...
08/19/2008
Real estate prices continued to post steep year-over-year declines during the three months ended June 30, according to a new report from the National Association of Realtors (NAR). Nationwide, the median existing single family home price plunged 7.6% to $206,500 in the second quarter, down from $...
08/19/2008
Number 10 I can’t make my house payments, but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score…is a short sale right for me? Probably, not. In cases where the seller can pay back all or part of the negative equity (usually to the 2nd li...
08/19/2008
The foreclosure juggernaut lurched forward in July as banks took back 77,295 homes - up 8% in a month and 183% in a year, a report issued Thursday shows. Total foreclosure filings - delinquency notices, auction sale notices and bank repossessions - were up 8% from June and 55% year-over-year, acc...
08/19/2008
The great American sell-off continues. For sale this time: foreclosed homes throughout the United States with depreciating values. These pieces of real estate are tempting foreign big-money sovereign wealth funds to purchase them at an incredible value. Nothing can be truly considered sacred or A...
08/19/2008
More homeowners than ever are selling at a loss, propelling the real estate market deeper into crisis. In the 12 months that ended June 30, nearly 25% of all homes sold nationwide fetched less than sellers originally paid, according to real estate Web site Zillow.com. While the nation's double-di...
08/19/2008
NEW YORK (CNNMoney.com ) -- Prime mortgages are starting to default at disturbingly high rates - a development that threatens to slow any potential housing recovery. The delinquency rate for prime mortgages worth less than $417,000 was 2.44% in May, compared with 1.38% a year earlier, according t...
08/19/2008
Zillow just reported that according to new data, that nearly one-third of all US homeowners who bought in the past 5-years are in a negative equity position meaning they owe more than their home is worth. However, this is a best-case scenario, as it is widely thought the Zillow valuation estimate...
08/19/2008
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