Real Estate Articles
Are You House Poor?
The great American Dream has always revolved around owning a home. Sure, having the 2.3 kids, the cushy corporate job and the stylish car to drive to work everyday are part of the myth, too, but nothing quite summed up Americana quite like the white picket fence. But if recent economic numbers are any clue, this dream is becoming a nightmare for many in the US. According to date released by the United States Census Bureau, an increasing number of homeowners are spending a larger and larger amount of their incomes on housing than in previous years. People in 49 out of 50 states reported an increase. The only state that didn’t, Alaska, spent the same amount. The report showed that people are spending around 21 percent on their housing needs, up from 19 percent in 1999. This is a huge problem for first-time buyers who may now be priced out of housing markets all across the country. Economists point to rises in home prices in the last 7 years, as well as higher interest rates, coupled with stagnant wages over the same period. While everyone seems to be in agreement that the housing “bubble” is either bursting, or getting...
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A Second Home: Take it or Leave it?
For many, wanderlust is just a part of life. You buy a beautiful home somewhere, settle down, have a family, but there is always a part of you that’s itching to get away. Vacations are part of that wanderlust; the chance to get away someplace beautiful. And then you see it. The local newspaper at your vacation destination, and lo and behold, there is a real estate section right there. Dare you even look? You can’t afford it, can you? Two homes? Is dual home ownership for you? A second home can work for you, but you have to go into the process knowing what to expect. If you’re looking to get rich quick, don’t count on it. According to recent data, the price of real estate in areas that are deemed “Vacation Markets” has risen twice as fast as real estate in other areas. So, not only is a second home in your destination of choice going to cost you a pretty penny, it’s no longer a well-kept secret anymore and the chances of you flipping it to make a quick buck are slim. The best piece of advice a possible vacation home buyer can heed right now is...
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Alberta Economy Benefits
If you have been thinking about moving, you might want to move to Alberta. Alberta is one of the western provinces of Canada along with British Columbia and Saskatchewan. The towns of Edmonton and Calgary are located in Alberta, which makes the province one of Canada's major distribution and transportation hubs. Nature wise, Alberta is a land of stunning beauty. It is home to the Rocky Mountains, the Continental Divide and many beautiful lakes and rivers. The province itself is landlocked and most of it sits on a high elevation, which means that the weather is often cool and comfortable there. Most of the population lives in the southern areas of Alberta and the Alberta real estate market is booming. In addition to the major cities of Edmonton and Calgary, towns like Spruce Grove, Brooks, Lethbridge and Camrose are coming into their own. Alberta real estate reflects the province's strong economy. In fact, Alberta's economy is potentially the strongest economy in all of Canada as it is supported by agriculture, technology and, of course, the growing petroleum industry. A study conducted by the TD Bank Financial Group showed that the level of wealth in the Calgary-Edmonton corridor is ten percent...
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Are You House Poor?
The great American Dream has always revolved around owning a home. Sure, having the 2.3 kids, the cushy corporate job and the stylish car to drive to work everyday are part of the myth, too, but nothing quite summed up Americana quite like the white picket fence. But if recent economic numbers are any clue, this dream is becoming a nightmare for many in the US. According to date released by the United States Census Bureau, an increasing number of homeowners are spending a larger and larger amount of their incomes on housing than in previous years. People in 49 out of 50 states reported an increase. The only state that didn’t, Alaska, spent the same amount. The report showed that people are spending around 21 percent on their housing needs, up from 19 percent in 1999. This is a huge problem for first-time buyers who may now be priced out of housing markets all across the country. Economists point to rises in home prices in the last 7 years, as well as higher interest rates, coupled with stagnant wages over the same period. While everyone seems to be in agreement that the housing “bubble” is either bursting, or getting ready to burst depending on where you live, housing prices are still up a remarkable 32 percent since the beginning of the decade. Household incomes, on the other hand, haven’t done a very good job of keeping up. The same Census report showed that income has actually dropped, not risen, over the past 7 years, down 2.8 percent. Maybe the worst news in the report was the percent of people who allot more than 30% of their income for housing. The numbers are up almost 8%. National guidelines suggest that more than 30% of household income for housing is excessive and not financially healthy. What does this mean in the long run? Most experts agree that until income can catch up to housing, the real estate market will remain lifeless. And since real estate is one of the biggest drivers to the overall economy, a weak real estate market means a weak economy. Things appear to be the worst in California. Not only do they have the most expensive real estate in the nation, 48 percent of California homeowners spend more than 30% of their income on housing related costs. Until income can begin to grow as quickly as the real estate market, this trend shows no signs of slowing down. Which could mean that the upcoming real estate slump could last much longer than anyone predicted.
Search Results for 'weak real estate market, home owner,real estate slump'
| Real Estate : : Fsbo Property Listings - For Sale By Owner Home. Free Real Estate Directory. ... slump in housing prices can thank a weak residential market eleswhere in the ... www.redperz.com/worldwideworth/category15.shtml |
| Real Estate Market ... down payment" loans, making them especially vulnerable to a weak housing market. ... loan will allow a prospective home owner to qualify for an introductory rate ... www.abcappraiserdirectory.com/Real-Estate-Market.asp |
| The Las Vegas Blog - Business and Politics ... home owners and anxious home sellers: The Las Vegas real estate market will ... "The real estate slump here and elsewhere is likely to worsen, given that most of ... www.lasvegasvegas.com/business_politics/real_estate |
| Consumer News - The Property Expats Portal ... suffer under a weak real estate market, with U.S. home values having just ... made by ForSaleByOwner.com, the nation's leading by owner real estate website. ... www.propertyexpat.org/?l=en&c=3302 |
| U.S. Housing Market Loose lending standards have caused a severe real estate bubble causing U.S. home prices to... market could be negatively impacted by a housing slump as ... www.wikinvest.com/concept/U.S._Housing_Market |
| Real Estate Sales: News & Videos about Real Estate Sales - CNN.com... CNNMoney: Home sales stay weak in Realtors' report ... That means if you're selling your house by owner, you'll want to be even more market savvy. ... topics.cnn.com/topics/real_estate_sales |
| Vcorp Services Financial Blog ... especially during the current downturn in the real estate market," added Maron. ... the most painful year for real estate in decades, declines in home sales and ... financeblog.vcorpservices.com |
| Business: Ultramansions are moving ... even in this market even in this market. The flip side of the real estate slump is quite, quite stunning. ... Owner:Real estate developer and ex-pro basketball player Matt Geiger, 38. ... www.sptimes.com/2008/01/13/Business/Ultramansions_are_mov.shtml |
| Foreclosure Market Housing market Real Estate market Coping with Weak Economy and Avoiding Foreclosure ... This happens whenever a home owner can no longer cope with the loan payments. ... foreclosuremarket.blogspot.com |
| L.A. Land | The biggest foreclosure bailout of all ... | Los Angeles Times... The rapidly changing landscape of the Los Angeles real estate market. ... I bought my home because the previous owner sold short. ... latimesblogs.latimes.com/laland/2008/02/index.html |
| For Sale By Owner Homes / Mortgage Blog: March 2007 ... and a weak regulatory oversight has led us to the subprime market implosion that ... First-time Home Buyers Now Have Access to Real Estate and Mortgage Partners ... for-sale-by-owner-homes.blogspot.com/2007_03_01_archive.html |
| Housing Bubble and Real Estate Market Tracker - Seeking Alpha... ... weak credit histories has caused yield premiums on bonds backed by such home ... Owner of Monmouth Mall Sees Little Change in Profit (Asbury Park Press, Feb. ... seekingalpha.com/article/28206-housing-bubble-and-real-estate-market... |
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Real Estate Articles
Alberta Economy Benefits
If you have been thinking about moving, you might want to move to Alberta. Alberta is one of the western provinces of Canada along with British Columbia and Saskatchewan. The towns of Edmonton and Calgary are located in Alberta, which makes the province one of Canada's major distribution and transportation hubs. Nature wise, Alberta is a land of stunning beauty. It is home to the Rocky Mountains, the Continental Divide and many beautiful lakes and rivers. The province itself is landlocked and most of it sits on a high elevation, which means that the weather is often cool and comfortable there. Most of the population lives in the southern areas of Alberta and the Alberta real estate market is booming. In addition to the major cities of Edmonton and Calgary, towns like Spruce Grove, Brooks, Lethbridge and Camrose are coming into their own. Alberta real estate reflects the province's strong economy. In fact, Alberta's economy is potentially the strongest economy in all of Canada as it is supported by agriculture, technology and, of course, the growing petroleum industry. A study conducted by the TD Bank Financial Group showed that the level of wealth in the Calgary-Edmonton corridor is ten percent...
More Real Estate Articles
Are You House Poor?
The great American Dream has always revolved around owning a home. Sure, having the 2.3 kids, the cushy corporate job and the stylish car to drive to work everyday are part of the myth, too, but nothing quite summed up Americana quite like the white picket fence. But if recent economic numbers are any clue, this dream is becoming a nightmare for many in the US. According to date released by the United States Census Bureau, an increasing number of homeowners are spending a larger and larger amount of their incomes on housing than in previous years. People in 49 out of 50 states reported an increase. The only state that didn’t, Alaska, spent the same amount. The report showed that people are spending around 21 percent on their housing needs, up from 19 percent in 1999. This is a huge problem for first-time buyers who may now be priced out of housing markets all across the country. Economists point to rises in home prices in the last 7 years, as well as higher interest rates, coupled with stagnant wages over the same period. While everyone seems to be in agreement that the housing “bubble” is either bursting, or getting...
More Real Estate Articles
A Second Home: Take it or Leave it?
For many, wanderlust is just a part of life. You buy a beautiful home somewhere, settle down, have a family, but there is always a part of you that’s itching to get away. Vacations are part of that wanderlust; the chance to get away someplace beautiful. And then you see it. The local newspaper at your vacation destination, and lo and behold, there is a real estate section right there. Dare you even look? You can’t afford it, can you? Two homes? Is dual home ownership for you? A second home can work for you, but you have to go into the process knowing what to expect. If you’re looking to get rich quick, don’t count on it. According to recent data, the price of real estate in areas that are deemed “Vacation Markets” has risen twice as fast as real estate in other areas. So, not only is a second home in your destination of choice going to cost you a pretty penny, it’s no longer a well-kept secret anymore and the chances of you flipping it to make a quick buck are slim. The best piece of advice a possible vacation home buyer can heed right now is...
More Real Estate Articles
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