Real Estate

Is Cold Weather To Blame For Housing Woes?

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Many areas throughout the country have been slammed with debilitating snow and freezing temperatures since the beginning of the year. Aside from flight delays, agitated commuters and strain on city sanitation budgets, the weather put a damper on the housing market. In January, housing starts fell 16% to a seasonally adjusted annual rate of...
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4 Tips For All-Cash Homebuyers

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As the housing market rebounds in many areas across the country, more consumers and investors are purchasing homes with cash, rather than obtaining a traditional mortgage. Data from RealtyTrac suggests cash purchases made up 45% of home purchases in August, a 30% year-over-year increase. While a cash home purchase may seem easier and less...
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How To Hire A Real Estate Agent

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During the summer months, buyers are eager to make offers to settle into their new homes by the start of the school year in September. The numbers back this up, as pending home sales, which tracks homes under contract, rose 6.7% in May, but fell 0.4% in June, according to the National Association of...
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Home Vacancies Reach 13%

Home Vacancies Reach 13%

More bad news on the U.S. housing market: 13% of homes are vacant – an increase from 12.1% during 2007, according to the Census Bureau.  Vacancies tend to cause home prices to fall – a nightmare for anyone trying to sell their home in this current buyer’s market. Among the states with the highest...
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Home Sales Down 27.2%: What Recovery?

One of the main causes of the Great Recession was the near crash of the housing market.  Just when we thought we were headed towards economic recovery, we got punched in the face with more grim economic news: Existing home sales in July dropped 27.2% – the lowest level since May 1995, according to...
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May Home Sales Down 2%

Sales on existing homes in May dropped 2.2%, after an 8% increase in April, according to the National Association of Realtors.  Analysts expected existing home sales for May would be up by 5.2%.  Sales were up 19.2%, however, from the same time last year. It is important to note that for anyone who is under contract and...
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Homebuyer Tax Credit to Expire Soon

(Originally posted on April 28, 2010) - The housing crisis was one of the main causes of the Great Recession over the past two years. The subprime mortgage mess has caused the number of foreclosures to skyrocket and nearly 25% of mortgages are affected by negative equity (when the value of the mortgage exceeds the...
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Foreclosure Relief

(Originally posted on March 11, 2010) – HelpSaveMyDollars.com has reported on the growing foreclosure crisis in the United States.  The news is pretty bad when it comes to the foreclosure situation, yet some good news was discovered!  The foreclosure rate for February 2010 dropped 2% since January, based on data from a report released...
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Negative Equity Crisis

Since equity is the difference between the value of your home and what you owe on the mortgage, negative equity is when the value of your home is less than the amount you owe on the mortgage!  This is an unfortunate, but extremely common situation for families throughout the country.  In fact, First American...
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