As the housing bubble continues to pop, we all get wet. Some end up stickier than others. Now that the hotter first quarter months are past, we’re seeing that the crash is continuing and that 2008 won’t be any better than 2007. To the contrary, it appears that it’s only going to […]

In some of the more broken down parts of the nation, many folks are suggesting that the eyesores that have resulted from owners long gone after sending in their “jingle mail” and walking away from their mortgages, be torn down or converted. Seems Youngstown is doing exactly that.
I wonder if $50,000 is enough to […]

Rising by over 1 Million, the number of vacant homes has now been marked at 18.6 Million in the United States.

A record 18.6 million U.S. homes stood empty in the first quarter as lenders took possession of a growing number of properties in foreclosure.
The figure is 5.7 percent higher than a year ago, […]

The US Treasury Department has announced a measure that they hope will save homeowners from foreclosure. Dubbed “Project Lifeline”, it hopes to give folks a chance to find new mortgage options and offers a delay in foreclosure for 30 days.
Having come close to it personally (my short sale story), and having met hundreds of […]

With all the talk about the housing bubble and ways to help fix the situation, it seems that for every solution, two more problems pop up. We saw housing prices fall in the last couple months, but then we hear that the inflation rate in 2007 went up 6.3%, the largest increase in 17 […]