Texas could be the best place to ride out a recession
Texas currently boasts two of the nation’s cities with the lowest unemployment rates. With the national unemployment rate being around 9.5%, Houston has a rate of only 6.3%. Recognized for it’s...
View ArticleCould half of the mortgages in the US be underwater by 2011?
The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing...
View ArticleFannie Mae may go hunting for government money again
Mortgage giant Fannie Mae wants to get its hands on nearly $11 billion in government aid after it posted a huge loss for the quarter. As of right now, the only entity that has gotten more government...
View ArticleThe United Kingdom is showing signs of housing recovery
The United Kingdom has had some new figures come out that show that there might be some recovery in the housing market in that country. The new figures that have come out show that the annual rate of...
View ArticleSales of homes in 39 states rose in the second quarter
In the United States, home sales finally rose in the second quarter in 39 states. This is one of the factors indicating that the housing market may be perking up a bit after the sub prime lending mess...
View ArticleCouldn’t agree with this more: Everyone who rents needs renters’ insurance
With people moving out of their mortgaged homes and into rentals, it is important to remember that you aren’t insured when you move into a rental. For a relatively low cost, however, you could protect...
View ArticleForeclosures in the US equal to 1 in 350
For the sixth month in a row, foreclosures in the United States topped the 300,000 mark. Last month a total of 358,471 homes were put into foreclosure by either getting a default notice or by being...
View ArticleHow a Foreclosure can damage your credit score
Foreclosures may be on the decline (finally) in our country, but there are a lot of families out there who may be behind on payments and considering foreclosure as their last option. Like bankruptcy,...
View ArticleIs the recession really over?
On September 15th Ben Bernanke said that the recession is basically over in a statement that rang so loudly, the stock market shot up like a weed after a rainstorm. Well, it was just over half a...
View ArticleRules to follow when buying a new home
After the housing market collapsed, followed by the credit crunch, it became quite difficult for people to buy homes. However, now, while still tight, it is becoming easier (than a few months ago) to...
View ArticleThe factors that combine to create your FICO score
So you’re trying to take out a loan, get a credit card with a reasonable APR or trying to buy something, anything on credit, but your credit score is too low for your liking? Well, the first place to...
View ArticleFifty percent of mortgages could be for more than the value of the house it...
The number of United States homeowners that owe more than their home is worth will likely double to 48% in 2011 from 26% at the conclusion of March. This would lead to another blow to the housing...
View ArticleWhat does it really cost to own a home?
Now that people are finally starting to buy homes again and foreclosures are starting to decrease, there are a few things that new homeowners should know about owning a home that they may not have...
View ArticleNew home construction in the U.S. is up
According to a Reuters survey, new construction of homes in the United States and permits for future buildings are on the rise. The actual numbers are supposed to come out today. Chief economist Chris...
View ArticleHousing prices are on the decline nationwide
There were three months of straight gains in the real estate market, however a government tool used to measure the average price of a home in the United States showed a decline for the month of...
View ArticleThings to not say to your insurance company
When you contact your insurance company to file a claim there are a few things that you shouldn’t say if you want to make sure that your policy will cover the incident. Now, do not fraud the insurance...
View ArticleThings you can do to increase the value of your house
It is difficult to sell a house in normal times unless your house is “priced to sell.” With the recession and falling home prices, selling a home is an even more tedious and time consuming process....
View ArticleThe English population is expected to increase; housing will follow
Research by Communities and Local Government says that the population of England is going to increase from 50.8 million to 60.4 million by 2031. There is also a projected increase of one person...
View ArticleHousing is becoming more affordable
In the United States, we know that home prices have fallen dramatically and therefore, housing has become more affordable. In the United Kingdom the same phenomenon is happening. After the Bank of...
View ArticleHow much owning a home can ACTUALLY cost you
When you rent, there are things that you no longer have to worry with such as broken refrigerators and other appliances, as well as leaks and other problems with the actual property. In most cases,...
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