Paying your mortgage early is a good technique to help yourself financially. When you pay your mortgage early, then you actually help yourself. By paying mortgage early, you can save a huge amount of dollars. It may be difficult for you to pay the monthly installment every month. You may not have enough money left […]
If you are a homeowner and want some money from your home, then you may be disappointed, because the last resource of cash for you as a homeowner is shutting down.According to the Countrywide Financial Corp.’s recent report, $32.4 billion portfolio of prime HELOCs - home equity lines of credit is depleting fast.
The lenders with […]
The number of residential projects in the U.S. is decreasing. The decrease is a result of decrease of the residential projects by the private companies. Private companies residential properties projects have dropped 18.3 percent.
The drop in residential properties is the highest since 1994. Spending on construction has reduced by 2.6 percent.
The private parties are reducing […]
Since 1965, U.S. has seen the biggest one year drop in home ownership. The main reasons are
Foreclosure
Mortgage
A recently released government report confirmed it. The Census Bureau report clearly showed that homeowners owned 67.8% of occupied homes in the U.S. A year earlier it was 68.9%. This drop in ownership rate is the highest year-over-year drop. […]
Prices are falling down, but the price is still far from affordable from the middle class. Most of them still cannot buy homes of their own.
According to a recent report by the Center for Housing Policy, despite the decreasing house prices, middle class in America is not able to buy a house for themselves because […]
