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5 Reasons to Buy a Home Now Theres a brief exchange I had a few years ago with a friends father that Ill never forget. We were sitting outside a Washington DC lunch spot talking about what I was going to do when I got out of college when I asked Mark, whos been a real estate developer in Maryland for years, whether or not real estate would forever exist as a lucrative business. His answer was short, but it explained every ... Home Price Index Hit With 18% Drop In October Homes prices across the country dropped again between September and October, marking the 27th month in a row that the S&P Case-Shiller Index has posted losses. The mean price of homes saw a 2.2% drop, bringing prices back down to where they sat in March of 2004. Altogether, home prices experienced an 18% decrease from last Octobers figures. David Blitzer, Chairman of the Index Committee at Standard & Poors, attributes the price drop to the fact that October ... Fannie Mae Foreclosures Wont Evict Renters Others Not So Lucky Fannie Mae announced Sunday that renters dont have to fear eviction if their landlords get foreclosed. The loan association has reworked policies to allow tenants that are up-to-date on their rent to remain in their homes even after the foreclosure is underway. Its a move that falls in line with Fannie Mae and Freddie Macs late November announcement that they would place a holiday moratorium on owner-occupied homes until January 9. Until recently, foreclosures across the country ... Mortgage Loan Delinquency Rate Sees Dramatic Raise A TransUnion report published Monday revealed that 53% of homeowners whose interest rates were modified earlier this year ended up defaulting within six months regardless of the adjustment. The report findings come from a surveyed 60% of those with primary mortgages, a tally that covers over 35 million homes worth a total of $6 trillion. This is the 7th consecutive quarter in which mortgage loan delinquency has risen, and this quarters hit was especially hard. Delinquency rates in the third quarter of ... The American Dream and Declining Home Values As the economy and real estate continue to decline into a deep recession, the American dream is fast fading away. People dream to one day be a homeowner in a financially stable situation. The percentage of single family homes sold in the United States continues to decrease dramatically and more multi-family homes are being built each day. Housing with shared amenities, properties, and less of the freedom that a homeowner dreams of one day having. The housing market will ... Real Estate- Down Market Means Buyers Market Real estate can be a great investment strategy, but it's not without risks. Knowing when to buy and sell, and making wise purchasing choices, will greatly increase your ability to make money and protect your investments in the real estate market. Currently America is experiencing one of the worst down markets in recent history, and the world is feeling the effects of the down market as well. For most Americans, this trend has had a negative effect on their ... Quick Sale- The Step Before Foreclosure In today's economic climate, anyone with a basic grasp of financial terms knows what a foreclosure is, and how America is currently facing a credit crunch due to the record number of home owners defaulting on their loans. What many people are unaware of, however, is the steps which precede foreclosure, and the opportunities they present, both to the savvy real estate investor, and to the distressed home owner themselves. In the pre-foreclosure period, home owners have the option ... Instead of Foreclosure There are many reasons why record numbers of homeowners are facing foreclosure. Some got caught up in mortgages that didn't match their incomes; others got behind when interest rates adjusted upward; still others didn't know options other than foreclosure were possible when cash ran short. Coupled with the other economic problems (high gas prices, increasing food costs, possible recession) facing the nation, losing a home can be devastating. If you have already or think you might fall behind on ...