Sales of previously owned U.S. homes hit a seven-month low in June as demand for condominiums fell and contract cancellations surged, dampening hopes the distressed housing market was starting to improve.
via Reuters.
Jul 25
In many parts of the United States buying a foreclosure is en vogue. Buyers flock to these properties because they are allegedly a great deal. But, are they?
via biggerpockets
Jul 19
But what about situations where you enter your rental and the tenant may be stressed as a result…Which for many tenants is anytime you show up! Such as physical rent collections an action I am strongly against, routine inspections, correcting tenant caused maintenance issues and others.
via biggerpockets.
Jul 17
According to a study performed by real estate search company Zillow.com, home sellers who bought their home after the housing bubble burst in 2007 overprice their homes an average of 14.1% as opposed to people who bought before the bubble (prior to 2002) and those who purchased during the bubble (2002-2006).
via agentgenius
Jul 17
Picture this nightmare financial scenario: You’ve taken out a $150,000 home-equity credit line to remodel your house, you’ve already pulled out thousands of dollars to pay contractors and owe thousands more, when suddenly you get a curt letter from the bank.
via latimes.com.
