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Careless Buyers Making Deal-Killer Mistakes |
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Written by admin
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Monday, 09 August 2004 |
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It's every homebuyer's nightmare -- write the contract, get it ratified, go through the excruciating mortgage application process, get approved, and then at the last minute a hang-up turns your American Dream into a nightmare. What's most frustrating is when it's your own fault. |
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Last Updated ( Wednesday, 26 December 2007 )
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Lenders' Worst Enemy in the Short Sale Arena |
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Written by admin
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Monday, 09 August 2004 |
With all the talk about the mortgage meltdown, you would think someone was put in charge of the internal communications to prevent a bad situation from becoming worse. You know, like getting all the department heads together to see how they were going to stop the financial blood-letting -- at least a training initiative for lenders to start discovering the best steps to take from this point forward.
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Last Updated ( Wednesday, 26 December 2007 )
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Bush signs tax bill to aid ailing homeowners |
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Written by admin
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Monday, 09 August 2004 |
President Bush on Thursday signed a measure to provide financial relief for financially strapped homeowners facing foreclosure or in bankruptcy.
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Last Updated ( Wednesday, 26 December 2007 )
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Mean (average) home price |
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Written by admin
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Wednesday, 07 July 2004 |
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The mean home price, or average home price is the sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period. For example, inside the hypothetical Blackwoodwood Townhouse complex in Anytown, California, there were five townhouses sold in March of 2006. |
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Last Updated ( Wednesday, 26 December 2007 )
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Written by admin
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Wednesday, 07 July 2004 |
The median home price is the threshold which divides the real estate market into two equal halves, in reference to pricing. One half of all homes in the market were sold at a price above the median home price, while the other half were sold below that price. For example, the median home price in the United States was $213,900 in the fourth quarter of 2005, meaning that half of all homes sold in the US were priced above $213,900, and half were priced below $213,900. In California, the median home price was $548,000.
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Last Updated ( Wednesday, 26 December 2007 )
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Written by admin
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Wednesday, 07 July 2004 |
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A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels relative to incomes and other economic elements. |
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Last Updated ( Wednesday, 26 December 2007 )
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