Recession Info Center: Housing

Recession Info Center

Percentages of outstanding US mortgages,
first quarter of each year

Refinancing >> At rates below 5.5% on a 30-year fixed-rate mortgage, mortgage rates haven't been this low in nearly 40 years and
that has made many homeowners think of refinancing. The following is a non-exhaustive list of things you should consider...

Buying a new house >> Careful research is as important as it has ever been. Buyers should keep in mind that housing prices are
still falling in many localities. Many still argue that the prices will keep falling at least in the near future because they are still too high
compared to fundamentals like incomes and rents. Having said that, the combination of attractive interest....

Common wisdom on roots of the housing crisis: The following
are generally considered by the economic pundits....

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How to convert real estate into income generating property >> Undoubtedly, these are difficult times to invest in real estate.
But well-planned investment may still generate good return. No doubt, this is not the time to make mistakes, since in this
environment any mistake can turn out to be very costly. There is no margin for error and key to successful investment lays....

What good can come out of recession? >> Despite all the pessimism during recession, there are good things that can come out
recovery and boom). And this has been the case for much of past century..

Selling your house >> What sellers should consider: 1. Understanding the
close the deal. Understanding the pricing trends in your locality in recent
years and developing a good sense of the direction it is likely to take in the
coming months and years can save you a lot of money...

Buying foreclosure properties >> Buying foreclosure properties may turn
out to be a good investment for either professional investors who want to
flip the property for profit at a later time or a first time buyer. However, it
may require a lot of work before the sale is finalized. Even if it seems like
this is a good time to buy, the buyer has to be well informed about
foreclosure properties and process before jumping into it. If the house is in
the process of foreclosure it does not automatically mean...

Facing f oreclosure >> What to do if you are facing foreclosure: If you
find yourself for whatever reason in a situation where you cannot meet
monthly mortgage payments, you may receive a foreclosure note from your
lender. The best way to come out from this situation is to start acting
immediately. The first thing you need to do is to arm yourself with
information and learn your rights. Foreclosure is something that you
absolutely do not want to have on your record because it will...