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Rapid growth characterizes The National Association of Realtors at present. Its membership has now swelled to over a million agents, from a minimum of 740,000 just a few years ago. The incredible run of real estate over the last five years is enticing hundreds of thousands of new agents. Most states, especially in Florida, are being swarmed with people taking the real estate challenge. At the same time the "churn" in real estate, which refers to the number of agents failing ...
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The subprime mortgage crisis -- in which so many people have been hurt -- is a tragic but all too common example of what happens in the real estate world when the risk-reward balance gets out of whack. First, let me provide a retrospective definition of subprime mortgages: They are home loans, often to people with weak credit, in amounts they cannot afford, on properties that may now be worth less than the mortgage. In many such cases, the true cost to the borrower is ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location. Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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