Home values are the biggest indicator as to when we can say the foreclosure crisis and mortgage crunch will soon be over. Once home values stabilize lenders, investors, and home owners can all breathe a collective sigh of relief…and that day may soon be here!
Finally I am getting some support for my long standing prediction the GSE’s, Fannie Mae and Freddie Mac, are on the verge of collapse. Tuesday the New York Time publish an article which I believe is the first from a major news outlet to even raise the question of the GSE’s long term viability.
The article stated the worries by saying,
The housing crash currently in it’s infancy will soon grow up into an economy killing monster that the Federal Reserve has no weapon strong enough to defeat. A housing crash is unlike a stock market crash in that there is no easy way out.
Let’s take a walk back in time to the tech stock crash just 8 years ago and compare it to a housing crash.
I have a bit of mortgage refinance advice that will sound so obviously beneficial, and yet it is rarely followed. Before that, let me ask you a few questions about your last mortgage refinance.
“Did you only look at lowering your payment as the primary determining factor as to whether the refinance was “beneficial” to you?
When it comes to house selling tips, the best advice I can give is on how to find a good real estate agent. Most house selling tips come from self-serving listing agents. Mine do not.
I wrote an extensive article on how NOT to choose an agent a year or so ago. I thought I’d revisit the topic from a positive perspective rather than the negative…and just hit the big points!
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