More than a handful would-be home buyers stayed on the sidelines this year, waiting for Election Day to pass. The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal. If history is a guide, this is an unlikely scenario. Election Day doesn’t […]
Entries from November 2008
How the Presidential Election Affects Affordability
November 4th, 2008 · Comments Off on How the Presidential Election Affects Affordability
Tags: Real Estate
Foreclosures May be Falling!
November 3rd, 2008 · Comments Off on Foreclosures May be Falling!
According to foreclosure-tracking service RealtyTrac, the foreclosure rate is falling nationwide. Versus August, foreclosures fell by 12 percent in September 2008 as more than half of the states showed month-over-month improvement. Most interesting in the data is that several states that led the foreclosure boom in 2007 now appear to be leading the charge out of it. For […]
Tags: Real Estate