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(8/14/2008) If you want to minimize your losses in the declining real-estate markets, putting in 20% down
gives in a better deal than putting in only 10% down.
Using 6th grade math, the author convincingly proves that putting in 20% down while
buying real-estate in today's declining markets is good insurance against massive losses down
the line, should the buyer have to sell for a loss.
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(9/18/2007) Going for fixed rate mortgages, with 20% down, is the financially savvy way to buy your dream home in the aftermath of current sub-prime carnages and rising foreclosures / short-sales.
With subprime mortgage meltdowns rocking the Feds to lower interest rates today by a whopping fifty basis points, whether to buy, sell, or hold is on the mind on every real-estate investor / speculator. . . When flipping was in vogue, taking adjustable rate mortgages with teaser rates made immense practical sense. You wanted to buy low, flip high, and leverage extremely by going for low teaser rates for the first couple of years, assuming you could successfully flip within that time-frame. But, is taking adjustable rate mortgages for a house you want to own over the long haul a good financial idea?
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(4/12/2007) Home sales plummet 21% in Santa Clara County, real-estate agents lose quarter of a billion dollars in commissions this past year; How, When, and Where you should buy that SFO Bay Area dream home this spring-selling season . . .
... Or you should wait a while before you buy a home quickly in the SFO Bay Area this spring-selling season, may be? One in five real estate agents lost business because of plumetting sales in Santa Clara county. ... In other words,
$ 240,690,933.88 / $50,000 = 4813 real-estate agents went out of business in the last 12 months in Santa Clara County. If we assume that the agents who went out of business were earning 6 figure of $100,000, then also we come up with a number of 4813 divided by 2 or at least 2400 agents who are hurting because they did not earn any commissions last year!
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(3/15/2007) California foreclosures are up 300% ... Is the SFO Bay Area housing-market primed / sub-primed for a
meltdown?
California foreclosures are up 300% year over year for January 2007. Recently, RealtyTrack
data showed that with 142, 429 foreclosures in 2006, California suffered a year over year increase of 131% compared to the number of foreclosures in 2005...
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(3/7/2007) Demand for housing to fall 40% this spring-selling season,
should you be worried?
The Wall-Street Journal Online reported today that 16% of all mortgages issued last year belong to the Alt-A category. Alt-A category falls in the gray area between prime and sub-prime mortgages. Considering that sub-prime mortgages contributed to 24% of all mortgages last year, the total of Alt-A and sub-prime mortgages added up to 14% + 24% = 40% of all mortgages issued last year.
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(2/8/2007) Here comes the Spring-Selling Season
Should you buy that dream first home
in 2007?
People don't like to move in winter. But spring is a different matter. Change is in the air. People change apartments, and the more fortunate amongst us buy our first dream home. Should you buy that home this spring? Or should you wait?
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(2/5/2007)Number of vacant U.S. homes for sale reach four decade highs
In the final quarter of 2006, about 2.1 million vacant U.S. homes went on sale, as per
the census bureau. The census bureau has tracked the number of vacant U.S. homes for the
last four decades, and U.S. home owner vacancy rates have never been higher: the rate
currently stands at about 2.7% (+- 0.1%) , as per the bureau.
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