The Condition of the Market
Government has a way of destroying all hopes of a successful economic cycle by creating artificial markets through incentives. The most recent example is the tax credit offered to new home owners. By giving away tax-payer dollars to buyers who wouldn’t be buyers otherwise, it creates a buying frenzy for [...]
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The economic crisis as we have experienced it thus far has been rather devastating. I have close friends who are out of work, who have been forced to sell their homes for less than they owe, and who have lost everything they have. I’m thankful that I’m able to be there to help them through [...]
Continue Reading →The following information was provided by Marc McCain, Attorney at law, regarding the changes that are coming regarding the Arizona Anti-Deficiency legislation.
A deficiency is the amount that you still owe the bank after the bank forecloses. If you are selling your home short of what you owe, or you are about to experience a [...]
Continue Reading →Some people would ask, “if the number of homes being sold is increasing, and the number of homes on the market is decreasing, isn’t the reduced supply causing the price point to increase?”
It is, in some areas. The law of supply and demand is hard at work here in the Scottsdale market, just as [...]
Continue Reading →It’s not a big surprise considering the number of homes that have been selling recently that the inventory has depleted considerably and the availability of affordable housing is drying up after this massive real estate hemorrhage.
I cannot tell the future, but I can see when there’s a break in a pattern, as you will [...]
Continue Reading →The original article was posted on the NAR website and I have re-posted it here. I don’t typically copy others’ articles since I enjoy writing my own, but for the sake of getting the word out, because I am in the middle of this problem right now, I thought I’d pass it along:
Real estate [...]
Continue Reading →Looking back can leave you blinded to the future, but sometimes it can help you make decisions for the future too. There’s no way to predict what will happen in the market, but there are ways estimate the continuation of a pattern that hasn’t wavered in quite a while.
There was a time when my [...]
Continue Reading →It’s not easy to sell a home right now. If you’re a seller, you’re going to have a really tough time. In fact, what we’re seeing in the marketplace now is an overabundance of bank owned properties and homes that are being sold short.
Foreclosures
A foreclosure occurs when you fail to pay your mortgage [...]
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Posts from OwingMoneySucks.com- Tax Refunds Are Bad For The Economy February 5, 2012
- Please, I Beg of You, Get In The Know December 19, 2011
- Really, Fannie Mae? December 7, 2011
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