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Tag: income

Real Estate: Is The Housing Boom Here?

Real Estate: Is The Housing Boom Here?

The housing boom should be here, it really should. All the historic notions associated with a prosperous and solid real estate marketplace seem to be in place. If you think about real estate you know that to have a booming market we need low interest rates. Well, we have that. Rates have been below 4 […]

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The Real Reason Mortgage Rates Keep Falling

The Real Reason Mortgage Rates Keep Falling

By now mortgage rates were supposed to moving higher but that hasn’t been the case. Instead, lenders are elated to unload cash at rates which are beginning to approach the record lows seen in 2012. The loser in all of this is the Federal Reserve. It raised rates in December and the nation’s banks instantly […]

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Real Estate: Was Moving To Pensacola A Mistake?

Real Estate: Was Moving To Pensacola A Mistake?

Pensacola got hit with a tornado last week, an event which raises a question: Was moving eight months ago to a place with great beaches and no state income tax a mistake? Surely that’s a question which must have occurred to someone. After all, a tornado that squashed an apartment building, uprooted trees and damaged […]

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Real Estate Stats Super Bowl Refs Don’t See

Real Estate Stats Super Bowl Refs Don’t See

What really happened in real estate between the first Super Bowl in 1967 and the 50th version which just took place in San Francisco? Figures from the Census Bureau and other sources tell us that in many cases measurable things are vastly better — and in other situations not so much. The first Super Bowl […]

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Why Real Estate Prices Soar — And Fall — At The Same Time

Why Real Estate Prices Soar — And Fall — At The Same Time

The real estate market continues its divided course and there’s no better example than existing home sales: According to the National Association of Realtors transaction volume in May increased 4.9 percent when compared with April — but were down 5.0 percent when compared with May 2013. The grim reality is that when experts talk about […]

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Why Are Real Estate Expectations Falling?

Why Are Real Estate Expectations Falling?

There’s a lot of worry in the real estate industry because it turns out that 2014 is not shaping up as the year of expansion that many had expected. But why should anyone be surprised? Sure the economy is rebounding, but it’s not rebounding equally across the country. “Of the approximately 350 metro markets nationwide, […]

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Mortgage Forgiveness Debt Relief Stuck On Capitol Hill

Mortgage Forgiveness Debt Relief Stuck On Capitol Hill

If you’re wondering why the impact of the foreclosure crisis lingers on you might want to consider what’s happening on Capitol Hill. In 2007, in a fit of common sense, Congress passed the Mortgage Forgiveness Debt Relief Act. This was an important piece of legislation because it corrected an obvious wrong. Let me explain: Traditionally, […]

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Real Estate: 9.3 Million Homes Underwater, Says RealtyTrac

Real Estate: 9.3 Million Homes Underwater, Says RealtyTrac

Real estate owners are not out of the woods yet even as the stock market nears record highs and home values have increased at least 10 percent from 2012. A new home equity study from RealtyTrac shows a tale of two housing markets: One side are 9.3 million homeowners who are deeply in debt, individuals […]

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Rent Affordability Drops As Incomes Fall

Rent Affordability Drops As Incomes Fall

While stock market values soar, executive bonuses rise and big corporations continue to shelter massive profits the fate of many renters continues to decline: a new study by the Center for Housing Policy shows that one-in-four tenants now spend at least half their income on rent. The big question raised by the report is just […]

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Wealth Gap Creates More Foreclosures and Short Sales

Wealth Gap Creates More Foreclosures and Short Sales

The worst of the foreclosure crisis seems over, if you can accept the idea that today’s foreclosure levels are in any way acceptable. Many of the foreclosures and short sales seen today actually have their roots in the period between 2000 and 2008 when lending standards went out the window. Today, with the better underwriting […]

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