Search / 523 posts tagged Consumer Real Estate

This year has not been too kind for property market in India as well as globally. The property prices are falling and most of the consumers are sitting on the fence with the hope of that property market will fall further. Various surveys suggest that property transactions have fallen by as much as 50% compared to last year.

More people are remodeling their homes today because of the credit crunch. Unable to continually buy and “move up,” it’s a natural step because people seem to love to improve their surroundings. Having worked in the building materials industry for 25 years, I have seen more than my fair share of scams, some of them whoppers.

Real Estate Tips: Reconsider Before You Buy That Home for $1 By Miranda Marquit August 15th, 2008 Posted in Mortgage Trends, Consumer warning, Mortgage Rate, Home Mortgage, Real Estate Investments, Real Estate Tips, Real Estate News One of the more interesting mortgage trends right now is that of selling homes for $1 (hat tip: Xin Lu at Wisebread).

Consumer prices surge, job market remains strained on August 14th, 2008 Inflation is running at the fastest pace in 17 years, the job market is under further strain and foreclosure filings are surging.

Inflation Up 5.6% in the Past Year Thursday, August 14, 2008 The Labor Department’s Consumer Price Index rose .8% in July on a seasonally adjusted basis, double what was expected. This figure helped raise consumer prices from July of 2007 through July of 2008 by a total of 5.6%.

Released on: August 14, 2008, 4:27 am Press Release Author: Think Money Industry: Real Estate Press Release Summary: Recent falls in fixed-rate mortgage rates have given both homeowners and would-be homebuyers some reason to hope, says financial solutions company ThinkMoney.com.

A leading group of real estate technology innovators is using a sports metaphor, the "Real Estate Olympics", to launch a compelling, timely competitive for the "Real Estate Pacesetter of 2008." However, the first nomination (Zillow.com) and next week's run off between eight companies to pick a single winner suggests that this competition will be a battle of the GIANTS.

Since the late 80’s, I’ve notice in trend of incomplete disclosures and poorly trained licensees. No doubt there is a connection. Real Estate Attorney Roger Wintel, of the Hertiage Law Group, has often spoken about the problematic lack of disclosures and unsupervised and/or poorly trained licensees.

While the Federal Reserve continues to pump money into the system at an unprecedented rate, less and less of it is finding its way to consumers and commercial borrowers. Instead, its being used to prop up speculators and financial firms.

From an email: I was in the process of buying and selling the house when we saw a FSBO house we liked was for sale. But sale fell through, which is a good thing anyway because of contigency on our house. But I also suspected it failed because the seller refuses to pay commission to our buyer agent.