October 29th, 2010
Articles are all over the media lately about the "shadow inventory" of homes that may be coming on the market as foreclosures in the near future. There's also a "shadow inventory" of homes that sellers haven't listed, but will when they see an improvement in the market. But that inventory may not be seen for [...]
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October 27th, 2010
There are a great many potential home buyers waiting and watching the market. The greatest fear seems to be that home prices will decline even more in the next year or so. It's valid to be concerned, but there are a number of factors that bear on the financial decision to buy a home.
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October 26th, 2010
One of the results of the home price, mortgage and foreclosure crisis is fewer lenders. There are also fewer loan products, with the stated income loan gone, as well as other financing options offered before 2007.
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October 18th, 2010
DAY 76:
I've been using my current mortgage company to complete a refinance on my home. I won't name the exact bank name, but it's one of the major 5 (B of A, Chase, US Bank, Wells Fargo, Citibank).
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October 12th, 2010
A recent New York Times article came to the defense of home ownership. It's true that home prices have come down almost everywhere from their 2006 highs. No matter what the "gloom and doom" media reports, there are informed people who study the situation and their needs and decide that buying is right for them. [...]
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