All Posts Tagged With: "market"
Mortgage Surprise? What Mortgage Surprise?
The most used word in the world of mortgage financing during the past few weeks has been “surprise,” as in, “oh my, cover your eyes and turn away from those poor wretched loans.”
“The U.S. mortgage giant Freddie Mac said it would no longer buy those high-risk home mortgages that it deems to be [...]
9Nov2009 | Peter G. Miller | 0 comments | Continued
Luxury Homes Wilt On The Market
Luxury homes — those mansions on the hill — are not selling like hotcakes. In fact, such homes are being re-priced with newer and lower values
The Institute for Luxury Home Marketing says that of 40,252 luxury properties available during the past week, the typical price was $1,156,708 and the cost per square foot averaged $324.
Just as [...]
Can You Trust Your Lender?
There is something new in the marketplace, what is being called the Fair Market Collaborative. As someone who has been looking for fairness in the mortgage marketplace since the 1970s you can bet that I welcome any effort to create a level playing field for borrowers.
But will the new collaborative really change marketplace [...]
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
10 Ways To Buy Homes In A Down Market
At first it may seem like a no brainer, low-hanging fruit and child’s play, but purchasing in a down market is not as easy as it may seem. The problem is not a shortage of homes or a lack of sellers willing to bargain, rather it’s that buying in such a market can be risky. [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Up or Down — How To Measure Your Local Real Estate Market
The past year has seen a slowdown in real estate markets across the country — and an outright slump in many. But such terms as “slowdown” and “slump” are relative and should be used with care — as should “boom” and “hot”.
Given the localized nature of real estate, it pays to ask if there are [...]
Marathon Sellers Race Reality
A new species of real estate owner has begun to emerge: the marathon seller. Maybe you have them in your community, owners who believe in real estate exceptionalism, the idea that their homes are growing in value while real estate prices all around are stalled or falling.
These owners truly believe that somehow their property [...]
What To Do In A Falling Real Estate Market
The seller was at wit’s end, a not unreasonable location given that the asking price for her beloved abode had fallen by $100,000 and further reductions loomed ahead.
The house in question is well-located and beautifully prepared, but the local marketplace has begun to ease. The vast and predictable price increases of the past few [...]
How To Get The Best Home Price In A Slowing Market
Reports across the country suggest that real estate in most areas of the country is in decline. None of this is terrible or awful unless you bought last year and must now sell. Those who have owned for a few years are well ahead in most communities.
Consider that in 2000, according to the National [...]
Sellers’ Markets Vs. Buyers’ Markets
Question: People talk about a “sellers’ market” and a “buyers’ market.” How do I know which we have?
Answer: A “sellers’ market” typically refers to a community with strong real estate demand and rising prices. A “buyers’ market” can be seen as a situation where home prices are more “flexible,” an expression which means prices are [...]
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