Home Buying and Home Selling News Archive of January 2008

Homeowner Struggling To Sell Home
NewsChannel 9 WSYR - Syracuse,NY,USA
Today they're willing to sell the house for as much as they bought it for.” Zero profit is hard to stomach. So what are the Legalls doing wrong? ...

Time to Buy a House?
CNBC - Englewood Cliffs,NJ,USA
But now he's so confident in the economy he's considering buying what might be "the most loathed and toxic investment around": a house. ...

Buying or renting, housing is still pricey
San Diego Union Tribune - United States
“I took a class for buying a home, and it was an eye-opener that I couldn't afford to buy a house. I make good money, and I can't even afford rent. ...

Foreclosed-home buyers playing dangerous game
Hi-Desert Star - Yucca Valley,CA,USA
But could the same advice apply to buying property during today’s mortgage meltdown? Perhaps a tempting little foreclosure? Hucksters tout the quick-money ...

Path to wealth is through real estate holdings
USA Today - USA
While there are many ways to get rich, the authors identified two definitive ways to ensure lasting wealth: owning incoming-producing real estate and ...

Real estate Web sites see growth despite housing slide
Seattle Post Intelligencer - USA
By BOB TEDESCHI It was late October, and Redfin, an online real estate brokerage firm based in Seattle, had received just three months earlier a $12 million ...

Correct pricing solves home sales problems
San Francisco Chronicle - CA, USA
My recommendation is for advisers and the media to be more direct and less accommodating on the topic of selling a home in today's market. ...

Housing bailout: winners and losers
CNNMoney.com - USA
But if a bank has to go to court to foreclose on a house, evicts the owners and then has to sell the property at a distressed price, it would have to accept ...

No slump in online real estate
Los Angeles Times - CA,USA
By Joseph Menn, Los Angeles Times Staff Writer The real estate investors packing the Renaissance Hollywood Hotel in Los Angeles this week don't have to ...

Interest Rate Cuts May Boost Home Buying, Re-Financing
WBKO - Bowling Green,KY,USA
Jason Claycomb of Raymond James Financial Services, says the slashing of interest rates will implore more people to once again start buying or re-financing ...

Commercial real estate sales activity near a standstill
Bizjournals.com - Charlotte,NC,USA
The gears of Boston's once red-hot commercial real estate sales market have come to a grinding halt. Just ask Robert E. Griffin Jr. who has taken his show ...

Law of supply and demand says: Buy a home now
Atlanta Journal Constitution - GA, USA
Home-buying conditions improved as measured by the most recent Metropolitan Atlanta Consumer Confidence Survey. As Tutterow noted, "We saw a significant ...

Real estate notebook Home-buying tips for 2008
ThisWeekNews - Columbus,OH,USA
A good Realtor will help you avoid common pitfalls, make wise home-investment decisions and bring order to the entire home-buying process. ...

Median home price plummets in county
San Diego Union Tribune - United States
Real estate agent McKinley Jones, who specializes in selling to first-time buyers, said he realizes that many people are remaining on the sidelines now, ...

Sell House, Move into Apartment?
Christian Post - USA
Don’t sell the house. Selling your home to get out of debt is a last resort to avoid bankruptcy. If you had said you were unemployed, way behind on your ...

Fighting foreclosure
WAVY-TV - Portsmouth,VA,USA
"It may be cheaper to sell your house to a company that would lease it back to you," said Levy. "The most important thing to do is contact your lender as ...

PRICED TO SELL: Affordable housing is easier to find
Las Vegas Review - Journal - Las Vegas,NV,USA
"This is a substantial drop (in prices) and people are realizing that they have to drop home prices to make them sell. "These are builders and first ...

Market stable, but house prices sag in Amherst
Daily Hampshire Gazette (subscription) - Northhampton,MA,USA
'Not a lot of people are selling who have to sell,' said Larry Miller of the Jones Town & Country agency. 'In general, the buying populace is a little more ...

What’s Next for New York City Real Estate?
New York Times - United States
By CHRISTINE HAUGHNEY LOOKING back, 2007 was supposed to be the year that the Manhattan residential real estate market slowed down and began to look a bit ...

Home sales down slightly in Denver in 2007
Bizjournals.com - Charlotte,NC,USA
Median selling prices for condos dropped 4.46 percent to $150000 from $157000. The median selling price is the middle price, or the one between the highest ...

Unsold property for rent
WALB-TV - Albany,GA,USA
"If you can't sell your house you can always put it up for rent," said Mortgage Specialist Wanda Bowles. The financial strain of not being able to sale has ...

‘An excellent time to buy a house’ in the region
Colorado Springs Gazette - Colorado Springs,CO,USA
“It is an excellent time to buy a house.” That might sound like positive overspin, a heroic attempt to glean a silver lining from behind the dark real ...

Ways to cope despite real estate's dire outlook
USA Today - USA
By Noelle Knox, USA TODAY If you'd asked housing economist David Seiders at this time last year to forecast the real estate industry's future, he would have ...

Soft-Market Secrets To Selling A High-End Home
Forbes - NY,USA
In addition, selling a home online comes with the benefit of Web analytics. For example, Redfin notes that homes debuting on a Friday get 7.7% more viewers ...

Guide to Sell Your Home in 2008
American Chronicle - Beverly Hills,CA,USA
If you want to, you can still sell your home in 2008. What you need to do though is start thinking about how you are going to make your home stand out from ...

Don't Expect a Housing Bottom Until Late 2009
Seeking Alpha - New York,NY,USA
Until prices come down to a level where people with 5-20% down, 6% fixed rated, making normal American incomes can afford, we are nowhere near a bottom. The only good thing that I have seen lately is that new home starts are finally slowing, and home builders in desperate attempts to see a cash flow, have slashed new home prices.....

Record foreclosures in '07
North County Times - Escondido,CA,USA
"If there's a silver lining, it's the fact that you can get a single-family home now in the high 200s," longtime real estate agent Gene Wunderlich said. ...

Real estate purchases by Americans said to be slowing
Jerusalem Post - Israel
"In 2008, high demand will continue to push prices in the Jerusalem real estate market higher," Baruch said. "However, American Jews, who have been ...