Ways to Invest without Lots of Cash

By Cathy Salustri With houses, condos and apartment buildings selling for a fraction of what they did a few years back, now just might be the time to invest. But how can a potential investor take advantage of the current real estate market without plunking down a lot of cash? While buyers won't find a bank to finance 100% on any property, purchases can still be made with relatively little cash down. Here are the 4 main ways to accomplish … [Read more...]

National Real Estate Prices Forecast to Deflate Further

Scrambling to find a bottom, the U.S. real estate market is falling further and further in most areas of the country. Home prices nationally will deflate an average of more than 8% in 2008, according to the Housing Predictor forecast. The real estate crisis, triggered by an over supply of new creative financing programs and a record level of mortgage fraud is deflating at the fastest clip since at least the Great Depression in an over-whelming … [Read more...]

Foreclosure Sales Explode

Sales of foreclosed homes are exploding amid the housing downturn as banks price properties at prices to get them off the books quickly. The surplus of foreclosed properties is at all-time high and the troubled lending industry is cutting prices to where they have to be in order to attract buyers. The homes are attracting bargain hunters from coast to coast. In Phoenix, Arizona a single family home that was sold just two years ago for $190,000 … [Read more...]

Weak U.S. Dollar Gives Foreign Buyers Edge

By Robert Jones With real estate prices in most U.S. cities heading south, many would-be sellers are looking south for their salvation. They're also looking north, east, and west – any place, where there might be buyers with wads of currency that isn't colored green. The weak dollar may be emboldening foreigners to buy in this country, despite the bad real estate news that has found its way into every international news source. Foreign … [Read more...]

Twenty Five Percent of Real Estate Markets to Appreciate

Nearly a quarter of the real estate markets Housing Predictor forecasts in 2008 will see appreciation, while the majority are projected to deflate with slower home sales. Some 251 markets are forecast in all 50 states for the year with 191 projected to depreciate. Sixty are forecast to appreciate. Those forecast to appreciate are generally less populous or have experienced slower housing cycles than the rest of the country, and most are … [Read more...]

Worst Housing Markets in 2009

The downward spiral in housing markets is showing signs of improving in many areas of the country as home sales rise, but there's no shortage of double-digit losers in the Worst 25 Housing Markets selected by Housing Predictor in 2009. Without more government assistance don't expect much more improvement. Detroit, Michigan takes the #1 position with the worst forecast deflation in 2009. Hundreds of thousands of job layoffs are hurting condo … [Read more...]

Homeowners Insurance Costs Soar

Propelled by massive pay-outs as a direct result of hurricane damage, Florida has the highest homeowners insurance premiums in the nation, according to a new industry study. The rise in policy costs account for more than a 10% increase in annual premiums. Other states are also experiencing large rate hikes. "Most homeowners over-pay for insurance and they don’t even realize it," said Kevin Wright, an insurance industry consumer advocate in … [Read more...]

Winning in Real Estate Crisis

by Robert Jones Construction workers are re-tiling their bathrooms, real estate agents are taking jobs as waiters and waitresses, and mortgage brokers are sitting around watching TV. The collapse of the housing market has been brutal on just about everyone, it seems, with any connection to the industry. Well, almost everyone. Attorneys are busier than ever. As condo prices collapse in many markets, buyers who long ago signed … [Read more...]

Sub Prime Loan Damage Limited

Hundreds and perhaps thousands of local real estate markets scattered throughout the U.S. are insulated from the sub-prime loan crisis and as a result are not suffering from fall out of the sub-prime fiasco, according to the latest Housing Predictor study. The sub-prime crisis is revealing itself to pale in comparison to the U.S. Savings and Loan Fraud Crisis of the late 1980's, the study shows. More than four dozen markets, varying in … [Read more...]

States Rip Off Foreclosure Victims

By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal forgeries and other frauds in the robo-signing scandal. However, only $2.5 billion is dedicated to … [Read more...]