Is housing now an attractive investment? Now, that is a question that requires a lot of thought. If you casually explore the housing market you will find the following: mortgage rates are at historic lows, prices have declined, and alternative investments are paying low returns making them essentially negative. On the opposing side, there is…
Unconstitutional or not, nine areas across the state, including Monkey Junction and two areas in Southport, won’t be annexed into city limits. Property owners in the Monkey Junction area used an anti-annexation petition to prevent attempts last year. However, Judge Shannon Joseph sided with Wilmington and other cities that sued the state over the new…
As Foreclosures Stall Again, Warnings of Housing ‘Paralysis’ Published: Tuesday, 3 Apr 2012 | 9:00 AM ET Text Size By: Diana Olick CNBC Real Estate Reporter In an unexpected reversal, both newly started foreclosures and finalized foreclosures dropped precipitously in February. Getty Images So-called foreclosure starts fell 15.2 percent month-to-month. Foreclosure sales, the final stage…
I wouldn’t shout at the top of my lungs that housing will turn around today, and I do expect prices to fall. However, for the long term there are so many great reasons to own cheaper rentals. I still think they high end luxury type home market, and new construction are very very far from…
According to the Federal Reserve Chariman, Ben Bernake, the solution to the nationwide housing crisis is to rent homes that have been foreclosed upon. There is a hot market for rental units, much more than sales. With banks hesitating on lending mortgages, this adds to the commonality for potential owners turning to renting rather than…