Investor Help
When You Can’t Pay….
Given the tough economic times we are living in today, I thought it prudent to offer advise when money runs short and bills are due. Unfortunately, this reality will become more Main Street in 2009 than it has been in a long while.
There is no shame to run low or even out of money, however [...]
Are You Attracting the Right Thing?
In an article recently published by Dr. Maya Bailey, the idea of your thoughts and intentions playing a part in your success was addressed, along with the concept of what you choose to focus on will determine what you will attract.
If you are not attracting the situations that you would like, maybe it’s time to [...]
National Real Estate Market Outlook
In January 2008, the National Association of Realtors predicted resale homes would
increase in 2008 compared to 2007, with the median home price remaining flat.
Not so. In December 2008, NAR now is reporting resale homes prices have fallen over 12 percent in 2008 as compared to 2007, with the median price sinking more than 9 percent.
For [...]
US recession forecast to drag on…
The US recession is likely to drag on well into 2009 with a “moderate recovery” in 2010, according to forecasts from the US Federal Reserve.
The minutes from the central bank’s December interest rate meeting show that policymakers were faced with a grim economic forecast.
They were told the economy was expected to shrink more rapidly [...]
What To Do Now, 2009
I have been burdened over the Holidays. Many concerned Investors have called seeking real estate advise for 2009. I find myself stuttering and sputtering for meaningful reply. What is sound advise today to properly inform and guide Real Estate Investors into 2009? I don’t have a magic potion but if I did, I would drink [...]
U.S. MBA’s Mortgage Applications Index Rose to Five-Year High
By Shobhana Chandra
Bloomberg News
Dec. 31 (Bloomberg) — Mortgage applications in the U.S. last week reached a five-year high as borrowing costs slid.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan rose to 1,245.7, the highest level since 2003, from the prior week’s 1,245.4. The group’s purchase gauge climbed 1.4 [...]
Foreclosures climb in Central Texas
By Shonda Novak | Austin American Statesman
Foreclosure postings for the upcoming Jan. 9 auction are up in four Central Texas counties, with double-digit spikes in Travis, Bastrop and Williamson counties..
The elevated numbers for those and some other Texas counties are “somewhat surprising, since (mortgage giants) Fannie Mae and Freddie Mac had pledged to suspend [...]
Texas AG Proposes Legislation To Help Fight Foreclosure Fraud
Originally posted by Daily Mortgage Fraud News on 10 December 10, 2008
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In the following press release Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative initiative that will help protect Texas homeowners from foreclosure rescue scams. If enacted, the proposal would enhance the Attorney General’s [...]
The Silver Lining…..
With the myriad of bad economic news constantly in the forefront of our lives these days, it’s interesting to stop and consider a few truths.
Take the following paragraph from a lead AP article last week:
http://www.amarillo.com/stories/121308/bus_12016280.shtml
WASHINGTON – Consumers reduced their spending at retail stores again in November while the costs of goods before they reach store [...]
It May Be Time to Think About Buying a House
By RON LIEBER
The NY Times
Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.
Then, everyone who sat on their down payment savings accounts for a few [...]
