interest

Real Estate Investing

Private Money: When 18% is Less than 12%

by Marty Boardman | September 1, 2011

I was never late.  I always paid my bills on time.  The mortgage.  The credit card.  The car payment.  Electric, water, phone and cable – like clockwork every month.  Heck, I even paid for magazine subscriptions 3 months prior to expiration. Then suddenly, in August of 2007, there was too much month and not enough [...]

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Commentary

Real Estate Bubble Popping, Housing Starts and Building Permits Tumble

by Joshua Dorkin | November 17, 2006

CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ’07. Hatzius attributed the problem [...]

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Housing

Real Estate Speedlinking

by Joshua Dorkin | November 8, 2006

Phoenix home resale market down 41% from last year, but up slightly from previous month. Home Depot is offering a 10% discount this weekend to military personnel and veterans. Low interest rates have led to a surge in mortgage refinancing applications last week. One New Foreclosure Filing for every 1,122 U.S. Households. Two of the [...]

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Housing

U.S. Home Prices in Sharpest Decline on Record

by Joshua Dorkin | September 5, 2006

In the second quarter of ’06 home prices crept upward, but slowed considerably from ’05, reports Bloomberg Prices for single-family homes rose an average of 1.17 percent during the quarter, compared with 3.65 percent growth in the second quarter of 2005. The drop was the biggest since the agency began keeping records in 1975. The [...]

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Foreclosures

Understanding The Foreclosure Process

by Joshua Dorkin | August 29, 2006

What is a Foreclosure? A foreclosure occurs when a property owner cannot make principal and/or interest payments on his/her loan, typically leading to the property being seized and sold. How does a foreclosure occur? The foreclosure process is not very difficult to understand. There are several stages during which the homeowner has an opportunity to [...]

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