Can Immigrants Ease Surplus Housing Inventory? The most efficient way to the housing downturn is for the United States to let in more “skilled immigrants” who would obtain enough to purchase houses and balance the housing market argues ex Federal Reserve Chairman Alan Greenspan. The 83-year-old economist claims there are 900,000 units of “excess supply” [...]
Marketing Tips For Buyers
November 12, 2009 By Leave a Comment
Now is the time to negotiate everything. Sellers are hurting. Lenders are hurting. Real estate agents are hurting. The big marketing tip to buyers is this: Nothing is set in stone, not prices, terms, commissions, nothing! One real estate agent I know recently found this out the hard way, after losing a commission and a [...]
Solution To Help Foreclosure Homeowners Shot Down
May 4, 2009 By Leave a Comment
Foreclosure Rate To Increase Dramatically On April 30, 2009, the US Senate rejected a much needed resolution that could have prevented foreclosure for nearly two million homeowners. The resolution was to allow bankruptcy courts to modify home loans to current interest rate and terms. A lot of these troubled loans “reset” to much higher interest [...]
Marketing Tips For Sellers
April 8, 2009 By Leave a Comment
The Marketing Tip for Sellers is the same as the Marketing Tip For Buyers. In this market, flexibility is the key and everything is negotiable. This can work to your advantage in dealing with real estate agents, appraisers, contractors, etc. Negotiate For Less Most of them are hurting for work right now and they should [...]
2009 $75 Billion Housing Package
March 25, 2009 By Leave a Comment
Strong Program For Weak Housing Market The Federal government on March 5, 2009 introduced a $75 Billion refinance and loan modification program for stressed homeowners across the United States. The government will basically financially support interest rate reductions to make monthly note payments more affordable for up to 9 million borrowers. That’s a lot of [...]