All across the country are commercial properties just waiting to be used again. For someone who has always wanted to go into business now has numerous locations to choose from. With so many choices, a new business owner can start out with the right financing and possibly the perfect location. We always hear about location, [...]
Some are wondering if now is a good time to even invest in any type of real estate. Some are worried about the current state of the markets, the economy and current job situation. There is good reason to worry, however, if you have the financial backing now is a good time to invest. The [...]
It has been an eye opening experience the last few years about jobs and real estate. Many had rose colored glasses on and kept telling themselves that everything would be alright. Others were just not motivated enough to think beyond today. Those two groups likely lost homes and/or businesses. While still others took a stand [...]
Vancouver, Washington is a great city to live in if you are looking for a great community that is non-pretentious and affordable. The entire Northwest is beautiful and unassuming with an awesome climate. The below list of neighborhoods in Vancouver, Wa. should give you a glimpse of what kind of real estate you can own [...]
The real estate markets are on the rise a little bit. Pending home sales are rising by more than 7%. This is the highest it’s been in 19 months, according to the National Association of Realtors. NAR Chief Economist Lawrence Yun states: “Housing affordability conditions are at a record high and there is a pent-up [...]
On the bright side, consumer confidence is better than it has been since 2008 but home prices continue to fall and are only slightly higher than in 2008. This coming year may prove to be the worst on record, according to The New York Times. With home prices continuing to fall, there is a real [...]
The Washington, DC area is experiencing a yo-yo effect when it comes to the real estate markets. The average price per square foot is approximately $441. That is an increase of 28% compared to the same time last year. However, at the same time, home sales decreased 7.5% for the same time period compared to [...]
Foreclosure is not a pretty option for either the homeowner or the lending institution. The homeowner does not want to lose their home and the lending institution does not want to get stuck with an unpaid mortgage. That’s where loan modifications come in. So, do they work? Will the lending institutions agree to it? Probably [...]
Virginia is one of the most distressed real estate areas in the United States. The Country as a whole is suffering quite a bit in the real estate area. The job market has a direct connection to the real estate market. If people don’t have jobs, they won’t be able to maintain their mortgages. This [...]
Even though prices and interest rates for homes are at an all time low, the number of foreclosed homes is slowly piling up. That’s because the number of foreclosures take a while to process the paperwork. Lenders are making sure that all paperwork is done correctly in the wake of the financial crisis. On average [...]
It’s about time to have a little bit of good news where the Washington, DC real estate market is concerned. Washington, DC is one of only a handful of metropolitan areas that had the best annualized performance for the year 2011. This is good news as many others areas saw depreciation values drop even further. [...]
You hear a lot in the news about foreclosures, refinancing and a slow economy. While all of those are very important, there is one aspect of the Washington, DC real estate market that is being overlooked. That is new home construction. It’s not just the Washington, DC area but the United States as a whole. [...]
Today’s economy is not a bowl of cherries. The nation has suffered a severe hardship the last few years and we are not out of the woods yet. Did you know that home prices have dropped more in this current depression than they did during the Great Depression of the 1930′s. That is staggering. This [...]
With the year 2012 just around the corner, many are wondering what the future will hold for the real estate market in the Washington, DC area and other parts of the country. Even though it will probably not be an extremely good year, it is also not supposed to be quite so bad as the [...]
Have you ever wondered how other people find their dream home? It takes time but it also takes searching for the specific needs that you want in your dream home. Everyone wants something different, such as a large kitchen, a pool, more than one bathroom or wheelchair access. It just takes searching for the criteria [...]
Homes are available for sale in the Washington, DC, Maryland and Virginia areas for low income residents. Buying a home does not have to be for higher income individuals. For those who have lower incomes, first time home buyers and disabled people, there are grants and government programs available to help with buying a home. [...]
Projections from Moody’s for housing markets going forward to 2012 are very different from those of six months ago. Cities that have a strong military and/or university influence are projected to do better in the short term, and that’s where Richmond and Charlottesville in Virginia have strong links. Richmond came in 15th in the top [...]
We all know that home prices are well down compared to their peak in 2006. Interest rates are also well down hitting historical lows in recent weeks. Has this come together to make housing affordable? It’s an interesting question, more so when you consider how hard lenders are making it to get a mortgage, and [...]
The historical Peninsular area of Virginia has seen foreclosures drop by 38% in September, making it 12 straight months of falls in foreclosures. At the same time, Virginia is now the third fastest when it comes to completing foreclosures, now at 102 days – compare that to New York at over 900 days. For home [...]
According to Trulia, 80% of homeowners are still planning to buy again while 59% of renters intend buying. This is a good sign for a nation that has been racked by falling home prices and foreclosures reaching epidemic proportions. One of the measurements that economists love is consumer sentiment, so when it comes to the [...]
When reading newspapers, you’ll often come across statistics used to describe the current housing market. One statistic often quoted is housing affordability. Some argue that this is an important measure of society’s ability to buy homes, and is an important market trend worth noting. Others argue the opposite stating it is nothing more than a [...]
It’s interesting to read real estate related stories and the Baltimore Sun has a classic story related to home pricing. It mentions one home that was listed at $525,000, however, a year later it was finally sold at $350,000. The question raised by the article is whether or not the initial high price scared away [...]
If you are looking for a cheap foreclosed home in Maryland, then you may need to consider acting sooner rather than later. RealtyTrac figures are showing that Maryland foreclosures are slowly spiral downwards, with current estimates putting the foreclosure rate at in every 2,444 housing units. If you compare that to the national average of [...]
When it comes to real estate, there is a whole new language that is often used. One term that is frequently used is that of a ‘short sale’. When considering a short sale, your real estate agent may refer to a BPO. This refers to a valuation of a home, not by an appraiser, but [...]
With mortgage interest rates at almost record lows, it is tempting for some home owners to reconsider their current home finance strategies. There are a number of options available to home owners including refinancing at lower rates, selling and buying a better home, or just hanging in there and doing nothing. The latter option is [...]
Lenders are finally coming to terms with short sales – and it’s about time. In the past, it has taken anything up to six months to get anywhere near a settlement on a short sale, and while the timelines are not dropping dramatically, lenders are starting to look favorably on the short sale principle. On [...]
While the general real estate market is nowhere near the point where one could say it was ‘recovering’, there are pockets that seem to be improving. Richmond and Roanoke in Virginia are two such markets with listed properties down considerably compared to this time last year, according to a recently published report. Fewer properties on the [...]
Statistics can often be misleading and a quick look at the latest data published on Zillow wouldn’t offer much in the way of hope for home buyers. However, a closer look reveals that lower priced homes are weathering the financial storm reasonably well. It makes sense to an extent. Low priced homes don’t have a [...]
Home sellers in the greater Baltimore MD area are starting to breathe a sigh of relief as the market starts to swing in their favor. The Baltimore Business Journal has reported a 40% increase in pending sales for June 2011 over June 2010. More importantly, there has been a marked drop in new foreclosure and [...]
The second biggest group of home buyers (behind investors) in the market today are, believe it or not, single females. They make up 20% of all sales at present. Single males make up 12%. Both still way behind investors at 32%. Other groups include couples with no children, families, and retirees. For home sellers, there [...]
