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Economists Say Market Is Rebounding
Sun, 09/13/2009 - 00:00 — adminIn cities across America, economists are talking about a real estate rebound. This may mean that, come January, the low prices you see today will be a thing of the past.
Thousands of investors are flocking to bank-owned homes in an effort to profit from this unique time in the market.
NOT An FSBO: Bernie Madoff Home On Sale
Sat, 09/12/2009 - 00:00 — adminSince Barnie Madoff won't have much use for his Palm Beach, FL, mansion in the next few years, the U.S. Marshal Service has placed it on the market for a cool $10 Million.
The home, equipped with a $40,000 Steinway piano and a $35,000 Persian rug, will be one of the prize listings of Sotheby's International Realty.
The good news: Proceeds from the sale will go to victims of Madoff's swindles. A small silver-lining for one big cloud.
Time to stop waiting? Home prices may be going back up
Mon, 08/10/2009 - 00:00 — adminAccording to an article in the Washington Post, reports are showing the market has potentially balanced, and several pundits anticipate home prices to begin their journey up once again. Ken Wenhold, director of Metrostudy’s mid-Atlantic region, says he’s expecting significant – more than 10-percent – year-over-year increases in resale prices to begin this fall.
Foreclosed Watergate Hotel fails to sell at auction
Sun, 08/02/2009 - 11:46 — adminOver 30 years ago, this 251-room hotel was the epicenter of the largest political scandal to rock our nation. In fact, almost exactly 30 years ago, President Richard Nixon was forced to resign his presidency as a result of the ensuing backlash. To this date, every political scandal in the U.S. has immediately been linked to the Watergate by the suffix –gate. Many years after Nixon's time, it was Monica Lewinsky and her alleged affair with President Bill Clinton that drew reporters back to the Watergate.
FreddieMac’s Foreclosure Sale
Sat, 08/01/2009 - 00:00 — adminFreddieMac wants to sell you a home. A foreclosed home, to be exact. And they’re willing to sweeten the deal by covering your closing costs, up to 3.5 percent of the sales price. That means a savings of over $5,000 if you were to buy a $150,000 home!
