Real Estate analytics firm Core Logic announced Wednesday that there were a total of 620,111 foreclosures across the country …
Upscale Armageddon: Sales of Swanky Underground Doomsday Homes Continue
“Buy now! Before it’s too late!” Many salespeople use some variation of this pitch to get buyers to bite. But this sales spiel takes on heightened new meaning when the item being hawked is a home built for riding out the apocalypse.
After the Meltdown: 5 Years Later the Shocks Just as Powerful
Here come the polls. It’s been five years since the meltdown and a whole bunch of us feel like things aren’t getting any better.
The New Way to Flip a House: Let Buyers Weigh in Before Renovations
In Baltimore, builders are flipping the way that homes are normally flipped. Instead of fixing up an older home and hoping that a buyer likes the improvements, builders are welcoming buyers into the process much earlier, allowing them to customize the renovation with their choice of countertops, cabinets, colors, tile, and more.
This Housing Upturn Looks Like the Real Thing
The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery will be sustainable.
Florida Is Swamped with Foreclosures – And Deals on Distressed Homes
Ah, Florida. It’s celebrated as the land of sunshine, snow birds, theme parks, and beaches. This year, it’s also considered the hottest state for snatching up foreclosed homes on the cheap.
Has the Banking Industry Really Been Fixed?
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
New Mortgage Rules: Protection From Banks, or Ourselves?
The government is set to unveil new rules pushing mortgages down a more conservative path. Is it the banks we’re worried about? Or our own behavior?
Highly Educated Have Biggest Debt Problems
The federal government is suing Bank of America for a $1 billion over the bank’s pre-crisis mortgage practice known as “the hustle.” But it wasn’t just naive home buyers who fed the financial crisis. Renters and the well educated had too much debt too, and a new study concludes that college graduates are most prone to debt mismanagement.
How Saving for Retirement Might Backfire
Saving for retirement is now the top financial goal of the vast majority of people who hold a job, according to a recent T. Rowe Price survey. That’s great news. We have a savings crisis in America and we’re finally taking it …
House Flipping Is Hot Again
Buying a home with the intention of reselling it at a profit in the near future made a lot of sense in 2005, when home values appreciated 20% nationwide. A couple of years later, as the real estate market collapsed and millions …
Want to Buy a Foreclosure? Here’s What You Need to Know
Foreclosures are up in 26 of the 50 largest metro areas in the country, according to a quarterly report released by foreclosure site RealtyTrac.com. At the top of the list is Pittsburgh, where foreclosures are up 49% from the …