Mortgage market likely headed for major change
Fixed 30-year mortgage rates in the 5 percent range? Minimum down payments below 5 percent? Jumbo loans in high-cost markets at regular interest rates?
They won’t be around for long.
Click here to read the story in the Columbus Dispatch
Tuesday, February 22, 2011
Saturday, February 12, 2011
Important News Concerning the US Gov't Deleting Mortgages for the Middle Class
If you or someone you know is considering buying a home in the next several years, you need to see this video.
#1 Rates are at an all-time low
#2 Prices are crazy low on homes
#3 Low down payment programs DO exist today
#4 Prices are going up very soon
#5 US Government is probably going to do away with programs to help the middle class buy homes
hmmmmmmm??? Is it time to buy NOW??
Call us to discuss at 614-804-2100 or email info@LambrightTeam.com
#1 Rates are at an all-time low
#2 Prices are crazy low on homes
#3 Low down payment programs DO exist today
#4 Prices are going up very soon
#5 US Government is probably going to do away with programs to help the middle class buy homes
hmmmmmmm??? Is it time to buy NOW??
Call us to discuss at 614-804-2100 or email info@LambrightTeam.com
Thursday, February 3, 2011
Friday, January 28, 2011
When will home prices recover?
Property values continue to drift down. But analysts say relief could come by year's end.
See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level. (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)
When are home prices going up?
Call us for a comprehensive analysis of YOUR LOCAL market. It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!
Property values continue to drift down. But analysts say relief could come by year's end.
See what the 'experts' are saying on MSN Real Estate on the NATIONAL level and remember that Real Estate is SOLD on the LOCAL level. (PSSST Central Ohio is not as bad off as the rest of the country--hint, hint)
When are home prices going up?
Call us for a comprehensive analysis of YOUR LOCAL market. It is different for EVERY single subdivision or area in Central Ohio---sometimes it is different on different STREETS!!
Wednesday, January 26, 2011
Steve Forbes and Nouriel Roubini think that 40% of mortgages are underwater
UNDERWATER MORTGAGES??
THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US! :-)
"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."
Read the rest of the article here:
http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html
THESE GUYS THINK SO......AND THEY ARE SMARTER THAN US! :-)
"Well, in the case of residential real estate, I would say prices and quantities have fallen so much from the peak, that probably they are close to the bottom. But the trouble is that you have millions of houses that are deeply underwater. 12 million of them already underwater today. And about another 8 million have a mortgage with a loan to value ratio between 95 to 100%.
That means that the 5% correction in national home price--something that I expect--is going to put another 8 million houses underwater. That means 20 million out of the 50 that have a mortgage, or 40% of houses with a mortgage, are going to be underwater."
Read the rest of the article here:
http://www.forbes.com/2011/01/21/nouriel-roubini-doctor-doom-housing-transcript-intelligent-investing_3.html
Saturday, January 22, 2011
Board of Revisions--why it is imperative you listen to this
DEADLINE ALERT!! ALERT!! ALERT!!
WANNA SAVE MONEY ON YOUR PROPERTY TAXES??
I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY
WANNA SAVE MONEY ON YOUR PROPERTY TAXES??
I THOUGHT SO........WATCH THE VIDEO AND LISTEN CAREFULLY
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