Home sales have been softer than analysts have predicted, and it’s really no surprise. Prices aren’t really that attractive, even with all the home price declines; affordability is only historically high because mortgage rates are at record low levels. That’s one reason I don’t see mortgage rates rising anytime soon; wouldn’t want to dampen affordability,… Continue reading Why Homes Aren’t Selling
No Rush to Buy a Home
I follow the real estate market pretty intently, and I’ve actually considered purchasing some real estate myself, given the fact that bargains are beginning to emerge. But at the same time, I don’t think there is any rush whatsoever to purchase a property. I don’t think you’ll miss anything if you wait. Sure, home prices… Continue reading No Rush to Buy a Home
Most Undervalued Cities in the United States
I already touched upon the most overvalued cities in the United States, so let’s talk about undervalued areas. Those are the ones we might want to invest in, right? As one may have guessed, the hard-hit, foreclosure-riddled Las Vegas metro is the most undervalued area in the United States, with a median home price of… Continue reading Most Undervalued Cities in the United States
Most Overvalued Cities in the United States
Plenty has changed over the past four years in the real estate world. Home prices have plummeted, large banks and mortgage lenders have gone out of business, and millions have received foreclosure notices. But as the dust begins to settle, opportunities will present themselves, and as I always say, real estate is local, so some… Continue reading Most Overvalued Cities in the United States
Top Investment Real Estate Markets for 2010
If you’re in the market for an investment property, you may be wondering where to buy in 2010. Well, a company that specializes in analyzing the “best” investment properties could make your search a little bit easier. FinestExpert.com gathers and analyzes data from over four million active properties nationwide, looking at things like employment, cash… Continue reading Top Investment Real Estate Markets for 2010
Don’t Buy the Most Expensive House on the Block
Buying a home isn’t easy. There are a number of things that can and will go wrong, from the financing falling through, to the appraisal coming in low, to seeing your offer on that dream house get trumped by another buyer. Adding to the difficult and sometimes competitive process is timing the transaction. Is now… Continue reading Don’t Buy the Most Expensive House on the Block
Who Qualifies as a First Time Home Buyer?
Real Estate Q&A: “Who qualifies as a first time home buyer?” With all the fuss about the first-time home buyer tax credit, you’re probably wondering if you’re eligible. Well, the tax credit can only be used towards the purchase of a primary residence, meaning a home you actually intend to live in full time, no… Continue reading Who Qualifies as a First Time Home Buyer?
Home Prices Sold in My Neighborhood
If you want a good idea as to what your home might sell for, or what one may cost, you need to go local; forget about national home prices. Who cares if home prices are falling in Denver if they’re rising in Boston, and vice versa? What about home prices sold in my neighborhood? If… Continue reading Home Prices Sold in My Neighborhood
When Will Home Prices Rise?
There’s been a ton of talk about home price declines over the past couple years, but now a bit of optimism is starting to shine through, at least in select markets. So, when will home prices rise, and why? SmartMoney.com wrote a post on signs to look for that should increase the value of your… Continue reading When Will Home Prices Rise?
U.S. Home Prices to Return to Peak in 2020
There’s been plenty of talk of a housing bottom, but home prices may not rebound for another decade, according to a report from Celia Chen of Moody’s Economy.com. She said home prices won’t return to their 2006 peak levels until 2020, and even later in certain hard-hit areas like California, Nevada, Arizona, Michigan, and Florida.… Continue reading U.S. Home Prices to Return to Peak in 2020