A recent Freddie Mac survey revealed that housing values have fallen 1.3 percent in the whole nation in the third quarter of 2007. This is the biggest quarterly drop in the housing values in 25 years.

In the “Survey of home purchases and mortgage refinance appraisals,” Freddie Mac found out this fact which may intensify the problems already faced by the homeowners in the whole country.

The Pacific region was hurt most where the rates fall by an annualized 5.8 percent rate of decline. On the other hand West South Central recorded a gain of 4.9 percent. The rise in this […] Continue Reading…

There are three major types of real estate properties are available in US. These are the main categories and under them there are others small and niche categories are available. So, whether you want to buy or sell real estate in US, it will fall under one of the categories.

These three main categories of real estate have their own features and characteristics. Their uses vary and their cost also varies according to the property type.

1. Vacant Land

Vacant land is the land which is available to be occupied. It generally has no structure and is open. Sometimes structures of the […] Continue Reading…

Now homeowners, there is a good news for you. The government is on the verge of bringing out a new plan to help the homeowners who are in problem due to the sharp increase in the mortgage rate. U.S. Treasury Secretary Henry Paulson declared that by this week’s end the plan will be ready. This plan has been brought forward to end the housing downfall.

This plan is said to be helpful for the home owners who are in a helpless position after their mortgage rates were reset to a higher rate. About 500,000 may lose their homes because of […] Continue Reading…

When you want to have a home of your own, you can have it in few easy steps. Just follow the 10 easy steps and you can have your home ownership.

1. Plan ahead- The first step to home ownership is planning. First have a plan and then follow it. Planning will help you to know everything related to the home buying and will help you to prepare for the process.
2. Find out what you need- Find out what you want. Type of homes will vary from person to person. You may like a family home or a single home or a […] Continue Reading…

Though foreclosure is happening in many parts of the country but you may be surprised o find one simple fact. The prices of the houses are skyrocketing. For the home you bought five years back, you can get a good 80% appraisal of the home value. All such increase in prices have made real estate a red hot market in the country.

There are many factors involved in it. And if you understand these factors well, then you can formulate a strategy to anticipate changes and can develop smart strategies to get the maximum benefit from your home.

It’s related to […] Continue Reading…