If you’re selling your home, this list of 101 tips is definitely a must-read. In today’s slower market, it’s not enough to stick a sign in the front yard and continue life as usual. Buyers have more than enough homes to choose from, so sellers need to be proactive about getting their properties noticed.
The debate about whether its better to pay off your house or invest the extra money in something else is ongoing.
What really caused the magnitude of the current financial crisis, in my opinion, was the amount leverage used in the housing market and mortgage backed securities derived from it. Leverage is a double-edged sword that is a powerful ally during boom times, but can quickly become your worst enemy during the ensuing bust. The collapse or bailout of some of our most highly regarded financial institutions – Fannie Mae, AIG, Lehman Brothers and Merrill Lynch - was squarely due to leverage. What is leverage and how does it work? Here is a simplified example using three scenarios:
It's confirmed. The United States of America has suffered the largest home price decline in the western world over the last two years. The Economist provided a house price index which compared America's 15% house price drops (based on the S&P/Case-Shiller national index) to a number of other developed countries. This goes a long way to explaining the recent financial collapse and government takeover of mortgage companies Freddie Mac and Fannie Mae.
Looking to retire on the water without going broke? Check these 6 places out...
Ever wondered what it could be like to be a landlord during a recession?
As a result of the collapse of the housing bubble, families across all age groups will see a substantial reduction in their wealth compared to the 2001 and 2004 levels. Per the following projections...
Paying off your mortgage - what would you do with the spare cash?
Larry King Live on CNN interviewed two families in trouble because of the recent housing crisis last night. The first family was starting to get behind on their payment, while the other already lost her home and is now living in her car!
Are you thinking about buying a house? With all the foreclosures and the housing market becoming more favorable for buyers, this may be a good time to buy. But how could you be sure that you’ll be ready? The answer is to test drive it!
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