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Archive for November 30, 2011

The Wealthy Are Also Defaulting on Their Mortgages

lisasheppard | November 30, 2011

There are many who believe that mortgage delinquencies in their region are concentrated in the middle-to-lower income neighborhoods. Actually, the research shows the number of delinquencies in the higher priced sections currently exceeding the ...

Understanding the Impact of Shadow Inventory

lisasheppard | November 23, 2011

Standard & Poors released their Third Quarter 2011 Shadow Inventory Update yesterday. We want to cover the basic points of the report today. What is shadow inventory? It is an inventory of houses that will come to market as a distressed pr...

Why You Need an Expert – Part II

lisasheppard | November 22, 2011

Yesterday, we explained that having someone who truly knows the market was crucial if you were planning to buy or sell a home today. This expert should know what is happening in real estate, understand why it is happening and be able to simply ...

You Need an Industry Expert in This Market

lisasheppard | November 21, 2011

In today’s real estate market, it is easy to get confused. There seems to be an overabundance of information and much of it seems to be conflicting. As an example, we offer you two headlines that appeared within 24 hours of each other last we...

How Much Should You Put Down?

lisasheppard | November 17, 2011

Like most questions, the answer is “it depends”. Today, I thought I’d give you some things to consider. Let’s begin the discussion with loans that don’t require Mortgage Insurance. The suggestion is to borrow as much as you can affor...

The PRICE Is the Same, But the COST Is Less

lisasheppard | November 16, 2011

There is more and more research coming out showing that it makes great financial sense to purchase a home today . Whether it be rent vs. buy ratios, income-to-price ratios or income-to-mortgage payment ratios, purchasing a home right now is a b...

Is There a 3.8% Tax on Homes in the Health Bill?

lisasheppard | November 14, 2011

We have received many questions about a possible 3.8% tax which will be put on home sales beginning in 2013. We want to do our best to clarify this situation for everyone. We are not accountants and give you this information just as a simple an...