Real Estate Directory

Which Real Estate to Appreciate

According to Forbes, these are the 10 cities where home prices are most likely to rise in home values:

• Albuquerque, N.M.
• Charlotte, N.C.
• San Antonio, Texas
• Portland, Ore.
• Austin, Texas
• Salt Lake City, Utah
• Colorado Springs, Colo.
• Minneapolis
• Atlanta
• Oklahoma City

Now is a Great Time to Buy!

DO you think property will ever go up?

If you do then now is a great time to buy as bargains are everywhere:

Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according to Zillow.com, an Internet provider of home valuations.

Pending home sales up 5.3 percent

Home sales contracts signed in June unexpectedly jumped up 5.3 percent from the month before, according to a report released Thursday by the National Association of Realtors.

Many believe that prices have gotten low enough that investors and bargain hunters are buying up post-foreclosure properties and other low-priced homes, thus causing a jump in pending home sales.

In fact, the Pending Home Sales index in June was at it's highest since last October. 

The Housing Crisis is Not What You May Think

Conventional wisdom says that the Subprime Mortgages  is to blame for the housing crisis. However, a new study from UC Irvine found that it was  Fannie Mae’s and Freddie Mac huge retreat from the credit market in 2003 caused the bubble and subsequent crash. This pulout was from accounting and political pressure.  Melissa Lafsky the editor of the Freakonomics Blog gives her take onthe new housing study.