My Blog

U.S. Foreclosures Hit Record High

New numbers show home foreclosures up 35 percent from last year, with more than 6 percent of all U.S. housing loans now delinquent.

Don’t Buy a Cheap House.

Buy good schools.  Look for areas with highly rated schools because they fare much better during economic down turns.

Since You Can’t “Time” the Bottom, Just Pick a Great House.

This is the best buyers have had it in 2 years! Rates go up and down. So do real estate values. Rates are low. Inventory is high. Find the perfect place and drive a hard bargain.

Buy Now Because Rates are Low.

While the Federal Reserve has slashed prime rates, mortgage rates don’t necessarily follow the Fed. However, fixed rates are extremely low and even if home prices fall further, a 1% increase in the rate could decrease your purchasing power by $25,000.