Archives for Real Estate

Home prices fall for 3rd straight quarter

As expected, the price of homes has fallen for the 3rd straight quarter according to the National Association of Realtors (NAR). The decline is an average of 6.5% below the peak in 2006.
Fortunately, the relatively stable interest rates have created opportunities for those looking to buy and this has helped soften what could have [...]

Popularity: 3% [?]

Check out the neighborhood when buying a home.

Finding a home in the right neighborhood is equally as important as getting it at a value. Many neighborhoods may look suitable from a glance but there could be underlying crime that would affect your decision. Just because a neighborhood is well kept does not mean it is safe.
First I would check with the local [...]

Popularity: 3% [?]

Home values for 2007 expected to decline

The National Association of Realtors reported that overall home prices are expected to decline this year for the first time since they began tracking this in 1968. The expected median drop in values is 1%. They have been adjusting numbers for this year downward since last year at which time they expected a 1.2% increase [...]

Popularity: 3% [?]

Real Estate Auctions

As lender inventories of repossessed homes reaches uncomfortable levels they resort to selling the homes through auction. A few years ago there were very few of these opportunities available but with recent market declines and increases in foreclosures the auction market is in full bloom.
There are real estate auctions in many major markets and they [...]

Popularity: 3% [?]