During the Great Depression, property values fell 25.9% over a five year period. According to a recent report by Zillow, values have now dropped nationwide 25% from the peak of the market in 2006. The report goes on to say “The length and depth of the current housing recession is rivaling the Great Depression’s real … More US property market reaching Great Depression levels, chief economist warns.
So many owners of coops and condos are unable to locate the offering plan and amendments that will be requested by purchasers prior to the signing of a contract. They are then forced to go to the management company to request this document. This usually results in an additional expense to the seller and a … More Online library of co-op and condo offering plans now available!
The recent purchase of government bonds could mean that mortgage rates will go even lower. This article from Moneywatch explains why this may happen. But waiting for this to happen is a gamble that could backfire, since rates are already low and the reduction may have already been factored into the market. If you are … More What Fed’s bond buy means for mortgage rates.