There s bad news and good news coming out of the housing market. Forbes Magazine released study results by Local Market Monitor that showed the cities that lost the most value are concentrated in some areas of California, Florida, Nevada, and the Northeast.
Continued here:
Home Value Loss Now but Increased Pricing Expected in 2010
Nationwide housing affordability, bolstered by affordable interest rates and low house prices, hovered for the third consecutive quarter near its highest level since the series was first compiled 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 70.1 percent of all new and existing homes sold in the third quarter of 2009 were affordable to families earning the national median income of $64,000, down slightly from a near-record 72.3 percent during the previous quarter and up from 56.1 percent during the third quarter of 2008.
Read more:
Uncertainty in Housing Continues as Affordability Hits Record-High Yet Starts Decline
House, USA, Best of Both Worlds Waterfront Paradise in the Riviera of the Midwest USA ~ Camelot of Ultra-Prestegous Clear Lake … 2.395.000 USD
More here:
Crown Jewel of Clear Lake TurnKey Estate Lake Anne
Pushed by a powerful combination of historically-low fixed mortgage rates, an $8,000 tax credit, and affordable prices, sales of existing homes jumped 5 percent in February compared with the same month last year.
Read more here:
Real Estate Outlook: Sales Rising?
This just might be the turn in the numbers we’ve been waiting for: Resales of existing houses jumped by 3.1 percent in last month to the highest level in nearly half a year.
Read the original:
Real Estate Outlook: Positive Trends In Housing Studies
Flood insurance is only mandated for properties in high-risk flood zones, but even if you live in a low- or moderate-risk area, you should bone up on the National Flood Insurance Program (NFIP).
Originally posted here:
Re-examine Your Risk For Flood
Flooding along the upper Mississippi during the past few weeks has been awful. Dozens of levees have been breached, homes have been destroyed and millions of acres of farm land have been lost for the coming year.
View post:
The Fake Foreclosure Debate In Washington
