By Nick Timiraos At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage? A new study from economists at the Federal Reserve Board aims to answer that...
By Nick Timiraos Fannie Mae said on Wednesday that it would “lockout” borrowers from getting a new loan for seven years if they “strategically default” on a property. The move is the latest effort...
Jessica Holzer reports from Washington: Most people write a check to a lender or mortgage servicer when they want to pay their mortgage. A tiny minority of borrowers, however, make their monthly payment directly...
[Note from SimplyDoIt: I could not find any info about this program on homepath.com] With low down payments, no appraisal fee and no mortgage insurance, why not? By James Kimmons, About.com Guide At Homepath.com, Fannie Mae...
by JOHN FEDRO on MAY 28, 2010 In a previous article we discussed some of the risks and rewards of real estate investing. While writing that article I very quickly discovered that there is no “right or...
photo credit: pfala Today Trulia announced America’s Top 10 Cities to Buy vs. Rent and the Top 10 Cities to Rent vs Buy. Trulia calculated the price-to-rent ratio using the average list price compared with average...
Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related fields of housing economics is...
To Russia with love...
Let the numbers do the talking Assumption San Jose Orlando Price $450,000 $75,000 Down-payment 20% $90,000 $15,000 Mortgage $360,000 $60,000 Rent $1,750 $1,000 Expenses P&I 5.5% $1,700 $320 Taxes $330 $125 Insurance $150 $60 Property Mang. 8.0% $0 $80 Other $0 $83 Total $2,180 $668 Cash Flow Monthly -$430 $332 Annual -$5,160 $3,980 After 10 years 200% $900,000 $150,000 -$61,920 $47,760 $838,080 $197,760 Properties are available in Orlando, Phoenix, Atlanta, Denver and Oklahoma city. ...
International buyers are snatching up U.S. residential real estate, with people from Canada, Mexico, the United Kingdom and China doing the most buying. The National Association of Realtors in D.C. said foreign buyers accounted...