Homes

Can’t Sell Your House? Stop Making Payments.

Saturday, December 6th, 2008

A record 10% of U.S. home owners are now delinquent on their mortgage payments or entering foreclosure. Never before in U.S. history have so many home owners been unable to repay their mortgages.
What makes the figure more shocking still is that it’s dated as of September 30, 2008. In other words, the huge drop in [...]

Popularity: 2% [?]

The Great Real Estate Shakedown

Monday, November 24th, 2008

So the great real estate shakedown of 2008/2009 continues.
Lot of interesting statistics are being thrown around, none of which is as interesting as this one:
The median price fell 11.3 percent to $183,300 from a year earlier, the largest year-over-year decrease since records started in 1968.
What was that? Home prices always go up?
Hahahaha!
I bet Lawrence Yun, [...]

Popularity: 3% [?]

Home Prices Falling

Wednesday, November 19th, 2008

In September, my wife and I were aggressively looking for a home to buy. Thankfully, nothing worked out, and we renewed our lease for six months.
I say “thankfully” because home prices in my area now seem to be dropping faster. Example: On the front page of my community paper’s classifieds, there is a home listed [...]

Popularity: 2% [?]