Shadow Inventory – to Wreck Havoc Soon!

Shadow Inventory is a term that refers to unsold foreclosures.  These are homes being held back from the foreclosing bank and not yet placed on the market for sale.  No one really knows how large the problem is the banks and the public are facing.
There are various statistics available from DataQuick, RealtyTrac and also ForeclosureRadar. [...]

FHA the loan of choice amongst majority of buyers

FHA has become the loan of choice. A high percentage of new purchase loans are being issued by FHA lenders.  The main reasons being they allow a lower fico score than conventional loans and the down payment is only 3.5%.  + The seller can contribute up to 5% towards closing costs.
On the other hand it [...]

Case Shiller Housing Report paints Gloomy Picture of Falling Home Prices

Case Shiller Home Price Index is a leading information source for what is going on in the housing market.  The January report shows that sales prices across the nation continue to decline.
While the low interest rates and low prices are  bringing many buyers to the market in search of bargain prices there appears to still [...]