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Foreclosures rise in February 2009
It is almost inconceivable that this economic mess could get any worse. It can and will as thousands of skilled workers, with both white and blue collars, are being laid off with little hope of immediate re-employment. This only adds to the pressure on the housing market as more people lose their homes due to unemployment and fewer people are able to buy for the same reason.
Foreclosures rise 17% in December 2008
Foreclosures can be costly for lenders, servicers and investors. Everyone loses, not just the homeowners – although they suffer at a far more personal level.
Is now the time to buy a California home?
Most first time home buyers are too young to remember or to have experienced past real estate crashes. They might actually be surprised to know that major down market periods have occurred at least four times since 1980. But it is a fact that homeowners who purchased properties at the end of those market [...]
HUD announces higher loan limits
“…the President signed the Economic Stimulus Act of 2008 that includes a temporary increase in Freddie Mac’s conforming loan limits in high cost areas…”
