Foreclosures and REOs Were 24% of Q2 Sales: RealtyTrac:
New data released by RealtyTrac Thursday shows that foreclosure and REO homes accounted for 24 percent of all residential sales during the second quarter. Ref. Source 4
Fewer in US Deem Homeownership a Safe Investment:
Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership. Ref. Source 4
It's a good time to buy if you have a good saving account, I think is wonderful if you could afford a house right now. You can get some great cheap deals if you are willing to pay cash.
International Level: Politics 101 / Political Participation: 0 0%
A Tidal Wave Of FHA Foreclosures Are About To Hit The Market
Real Estate News From CoStar Group
Last month I read an interesting article on The Wall Street Journal website. The article stated that mortgage default rates were in decline for nearly all loan types with the lone exception being FHA types of financing. Those default rates had actually increased. Source: Real-Estate:Foreclosures Articles from EzineArticles.com
Wow, I believe that if we had a culture of "Saving" (and not a culture of "borrowing or living in credit") we will not be in this predicament. This is killing us.
International Level: Politics 101 / Political Participation: 0 0%