This Mortgage Insider show was a return to the old days with Terri and I chatting about recent market activities, housing prices, and whether this was the right time to buy a house.
Recent Housing Prices
Are the recent housing prices trending up or down? Terri and I discuss these tumultuous time in the housing market [...]

Negative equity is reported today to have occurred in almost 30 percent of homes purchased in the last five years and 45 percent in homes bought in the last two years.
Negative Equity Explained
Negative equity occurs when the home value is lower than the mortgage balance, also referred to as being “underwater” or “upside [...]

The Case Shiller Home Price Index released today will get a lot of media play touting the worst price drop ever for the month of May stating a 15.8% decline. However, a deeper look at the data tells a different story.
The AP is reporting,
“The Standard & Poor’s/Case-Shiller 20-city index dropped by 15.8 percent in [...]

Well, we have seen about a 12 percent drop in home values in the last year (currently 4/08) and everyone is “calling” the bottom of the slide should you believe the industry pundits.
I don’t.
We still have a another 12% at minimum, to correct back to the norm. With that said, real estate investing [...]