The Wall Street Journal recently released its quarterly survey on where housing is headed. The report is well sourced and provides some interesting information detailing five major categories for 28 metropolitan areas. Being the Wall Street Journal, its very New York-centric, which shouldn’t be too surprising based on its readership and the simple fact that…
Monthly Archives: July 2010
Short Sales for Relocating New HomeBuyers
Short sales offer a tremendous opportunity to relocating individuals and families. If there is an upside to the recent economic downturn, relocating homebuyers may be at the apex. This is not to downplay the grim reality of underwater mortgages and sellers unable to maintain their properties, but simply, the other side of the coin not…
Mortgage Rates Hit 30 Year Low Point
Mortgage rates have dropped to 4.58 percent for an average 30-year fixed loan. This is the lowest rate on record according to mortgage company Freddie Mac since 1971. This actually matches mortgage rates in the 1950s when long-term rates averaged 20 to 25 years. With this incredibly low rate rate, lending has increased, but still…