By ExpertHomeOffers on February 12, 2009
According to the Treasury Department over 420,000 home owners mortgages are going to adjust this year. These are home owners who purchased homes with adjustable rate mortgages, some of whom tried to make a quick buck off the real estate boom. Others purchased their home using a hybrid mortgage so they could afford a larger [...]
Posted in Develop Your Skill
By ExpertHomeOffers on February 12, 2009
If you have been holding your breath until you see real action by the government to halt the real estate crisis and turn back time, you may be able to breath once again. The current stimulus bill proposed by the Senate raises the $7,500 tax credit to $15,000. Unlike the House proposal, that all the [...]
Posted in Develop Your Skill
By ExpertHomeOffers on January 27, 2009
The numbers are posted each and every month. The national association of realtors, moodys economic data providers and many other companies and associations provide vital real estate statistics to the public. The question is, how reliable are the statistics and what do they mean. Anyone who has taken a statistics math class or who deals [...]
Posted in Develop Your Skill
By ExpertHomeOffers on January 27, 2009
Selling real estate is always a topic of interest for any home owner. The average American will sell a house every five to seven years. Given a 90 year life expectancy and assuming you buy your first house at age 30. You can expect to selling 8 to 12 houses in your life time. When [...]
Posted in Develop Your Skill
By ExpertHomeOffers on January 17, 2009
Foreclosures set yet another record this month, with the highest foreclosure rate on record. The foreclosure rate is up over 81 percent from January 2007, and over 225 percent from 2006. Over 860,000 home owners lost their houses to foreclosure in 2007. This amounts to one out of every 50 homes in the entire nation. [...]
Posted in Develop Your Skill
By ExpertHomeOffers on January 6, 2009
One of the most often asked questions from real estate agents I consult is how can I grow my business to the next level. The real estate agents who are asking me this question are educated, experienced realtors who have paid a hefty price for my time and who already close many houses each month. [...]
Posted in Develop Your Skill
By ExpertHomeOffers on January 5, 2009
As 2008 is coming to a close many american home owners are asking a few real estate questions. When will real estate recover to prerecesion times? When will I be able to sell my house for a profit and is 2009 the year home values will start to increase? Since the peak in real estate [...]
Posted in Develop Your Skill
By ExpertHomeOffers on December 20, 2008
This week marks a new low for mortgage rates. Mortgage rates are at a 37 year low. Rates have not been this low since 1971. The federal government decreased interest rates for the seventh consecutive week. This is an all out attempt to bring home buyers into the market and take some inventory off the [...]
Posted in Develop Your Skill
By ExpertHomeOffers on December 18, 2008
In November 2008 the foreclosure rate dropped 7 percent. Could this be the beginning of the bottom for foreclosures? Anytime you look at statistics or analyze data you get different answers depending on how much data you look at. In this instance only looking at one month, the month of November would lead you to [...]
Posted in Develop Your Skill
By ExpertHomeOffers on December 12, 2008
Last week a move from the federal government caused interest rates to decrease to a very low rate. Mortgage companies noticed the increase in refinances from traditional home buyers who were taking advantage of low interest rates to save cash flow ever month. One thing you have to consider when going to refinance a home [...]
Posted in Develop Your Skill
