Cashing in on the crash
Mortgage News
Investors who have been avoiding real estate are getting back in, even embracing one of the tactics that got so many in trouble in the first place: flipping.
As the housing crisis drags on and foreclosed properties continue to come onto the market, investors with cash are buying the homes, fixing them up and reselling, or
Source: Bankrate.com » Mortgages
Maybe its not nationwide but I've been seeing a lot of good deals on home sales around my neighborhood. It almost makes me wish I had the extra cash to buy a second home probably as a rental.
International Level: Junior Politician / Political Participation: 100 10%
Mortgage Rates Edge Closer To All-Time Lows
Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April's best two days (4/10 and 4/23) and as close as they've been to all-time lows in several months. This further solidifies the Conventional 30yr Fixed Best-Execution Rate at 3.875%, which had recently shared the stage with 4.0%. Keep in mind that "best-execution" as we calculate it, connotes the no-closing-cost rate for the best-qualified borrowers in the most ideal scenario. Ref. Source 2
That's an expected increase but nothing to change heads about where they will put their money. Loads of potential home buyers are more likely to keep their money saved than spend it right now.
International Level: Junior Politician / Political Participation: 71 7.1%
Mortgage rates are very good but the jobs aren't all that good so the rich will be the ones benefiting by buying up properties from people forced to sell.
International Level: Politics 101 / Political Participation: 5 0.5%
A shortage of foreclosures
Mortgage News
Looking for a great foreclosure deal You may have to work a little harder to find a bargain these days.
Source: Bankrate.com » Mortgages
CNN is reporting that despite lower mortgage rates home prices in 20 major U.S. Cities are at the highest prices in the past nine years so makes you wonder about where you might be planning to buy may be based on your wealth.
International Level: New Activist / Political Participation: 23 2.3%