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November 2013 Archives

Home prices rise in October, following months-long trend

Ever since the Great Recession began in 2008, observers have been keeping a close eye on our nation's home prices as a sign of recovery. After prices tumbled in 2008, many homeowners lost their houses to foreclosure or short sales - now, many people look at a rise in home prices as a sign that things are on the mend.

End of important tax law leads homeowners to short sell quickly

When a person buys a home for more than it is worth, they can often feel trapped in the financial situation. After the housing market collapsed, for example, thousands of homes went underwater - that is, they were worth less than the value of their mortgage. Homeowners wishing to move away often turned to short sales as a way to escape the difficult situation.

Are short sales on the decline in America?

As economic trends shift, it can be difficult to monitor exactly what is happening in America's economy. Many of the economic decisions people make are influenced by the way the economic wind is blowing. When the economy is strong, for example, people are more inclined to take risks, while a weak economy leads to a tendency to save more money. It's important, then, that we receive accurate data about the current situation.

Charges filed against bank employee for falsifying short sales

During the recent recession, hundreds of thousands of people were confronted with the altogether tragic reality that they would not be able to keep their homes despite their best efforts. However, many of these people decided to take an altogether different route rather than letting the bank foreclose on their home.

Why some billionaires are buying more and more residential homes

Once the decision to purchase a home is made, the interested parties will almost immediately start discussing what they want and when to start looking. In the course of these discussions, they will inevitably arrive at some very firm determinations concerning their prospective home, including the number of bedrooms and bathrooms, the amount of improvements required and, of course, the location.

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