Tag Archives: existing home sales

Home Prices Down 4% Over Past Twelve Months

The downward pressure on home prices is expected to continue through this year and few experts expect prices to increase substantially for the next three years. As long as unemployment and underemployment is high, there’s not going to be much … Continue reading

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Why Aren’t Cheap Mortgages Helping The Housing Market?

Before I even read the following article, but just the headline, I could tick off some answers. * Lower mortgage rates are helping the housing market. It would be much worse without the lower rates. * With the prospects for … Continue reading

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Will Mortgage Interest Rates Rise If The Federal Government Defaults Aug. 2?

This is a much talked about topic in the news media these days. What will be the repercussions of a federal government default on its debts? What happens if the president and the Congress are unable to agree on raising … Continue reading

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A Third Of Home Sales Are Cash Sales

Mortgage interest rates are near record lows but mortgages are difficult to obtain. The Dodd-Frank financial regulation act of 2010 makes lending a more complicated business and as a result banks are doing less of it. Also, the Democrats are … Continue reading

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Falling Home Sales, Prices

Are you still expecting a recovery in home sales in 2011? You’re a sucker! Pending home sales fell far more than expected in April. Home prices will inevitably follow along with more home defaults and foreclosures and the vicious cycle … Continue reading

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Existing Home Sales Decline In May

People with the money and the credit scores and secure income to buy homes are still sitting on the sidelines waiting for home prices to decline further. Why would anyone buy a home now if they did not have to? … Continue reading

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Mortgage Applications Fall

Even though mortgage interest rates are falling, mortgage applications are down. This soft demand for home purchases will push home prices down by at least 10% in 2011, I expect. The WSJ says: The volume of mortgage applications filed in … Continue reading

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Foreclosures In Merced

From the New York Times: ELLIE WOOTEN, the likable mayor of this likable Central Valley city, is on her way to the office when her cellphone rings. Although Merced has one of the highest foreclosure rates in the country, this … Continue reading

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Home Sales Unexpectedly Rise

From the New York Times: Pending home sales unexpectedly rose in April to the highest reading since October, an industry group said Monday, but experts said the large proportion of distressed property sales would continue to weigh down prices. A … Continue reading

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Improving Your Home As An Alternative To Moving

You want to lower your bills? Having a hard time selling your home? Having a hard time refinancing? Interested in some options? What are some different forms of refinancing and options to refinancing? (ARA) – According to the National Association … Continue reading

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