Author Nick: David Abernathy
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There are hundreds of qualified, builders out there who take pride in their work, delivering a quality product. But, just as in every competitive industry, there are rotten apples in every barrel. Those who cut corners, cover up mistakes, and basically are concerned more about the bottom line then customer satisfaction, or in some cases safety.
While many cities make less than responsible choices when planning major developments, West Palm Beach leads by example with their new waterfront redevelopment. In the past, this area was a busy harbor, but a 1960′s expansion of Flagler Drive blocked access to this once vibrant area. Now past errors have been corrected with the unveiling of this long overdue advancement, designed to enhance and revitalize the West Palm Beach harbor.
With the spring season just around the corner, it is time in many parts of the country for home sales to thaw out of the winter freeze and get thinking about the spring housing market. One of the best ways that you can prepare for putting your home on the market, even if it doesn’t feel like spring yet in your neck of the woods, is by an early spring cleaning. Spring cleaning stems from traditional early cleaning after the weather starts to warm up and the days become brighter. In many parts of the country, once the days brighten up it is easy to see the cobwebs and dust that the winter gloom has kept hidden in the shadows.
Real estate shadow inventory is comprised of homes that have been foreclosed on but have not yet been put out on the market by the bank who owns the home. While the actual numbers are very hard to calculate, it is estimated that there are between three and seven million homes currently in the shadow inventory.
Read more on Shadow Inventory: A Thorn in the Side of Market Recovery…
The year 2009 ended on less of an upswing for the real estate market than many people across the country would have liked to see, considering the amount of money that the government has spent to support the housing market; but only time will tell how the end of the year numbers will affect the first quarter of 2010.
Since the fall of housing prices over the last few years, many home owners seem determined to get at least their purchase price out of their home for sale, while many others are looking to recoup the amount of money that they’ve paid into their homes. While this seems like a reasonable strategy, when you consider that the fall in housing prices has greatly reduced the amount of money that many of these homes are worth now, it is easy to see how listing your home at possibly a hugely inflated price is most certainly going to hurt your chance of a sale.
Read more on Why Asking too Much For Your Home Doesn’t Help it Sell…
For many home owners the past year has kept them awake at nights wondering about their future in their current homes. Home owners with underwater mortgages are in a tough place these days; with a long climb back out of the recession and more economic uncertainty likely in the near future, it is hard to know at which point you are better off holding on to a home that is worth far more than you owe on it and at which point you’re better off walking away from it.
Read more on Making the Choice Between Walking Away of Hanging on to Your Underwater Mortgage…
Last year we kept hearing how the recession was over or almost over and things were going to look up at any moment. Well, 2009 came and went and we soon discovered that the recession was, in fact, not over. The question now is not if millions of people are going to lose their homes—which millions already have—but what the final toll of homes in foreclosure is going to be when this economic is finally over.
Read more on Was the End of 2009 Just the Beginning for Home Foreclosures?…
