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Las Vegas, of all places, is seeing an increase in home sales! This is a good sign, because Vegas was one of the hardest hit when the bubble burst. Since last year, home sales have risen 15%. The flip side of this coin is that the home prices have fallen 28%. Ouch! But this [...] 7.5 million homeowners "underwater" CNNMoney had an article last week titled 7.5 million homeowners ‘underwater’. It’s primarily a breakdown, by state, of what percentage of mortgages are higher than the value of the underlying asset. The technical term for this is negative equity, but it’s also know as being underwater or upside down [...] Three short years ago ABC’s “Extreme Makeover” reality TV show demolished the Harper Family’s old home to make way for a new, 4 bedroom Mc Mansion. Flash forward to today, and the Harper’s are one of the latest families to face foreclosure. My first thought when I read this story was, “How can [...] Since the housing bubble burst and the subprime lending mess hit the headlines, it seems like I can’t take a virtual stroll down the information suburbs of personal finance blogs without tripping over posts about why people shouldn’t buy homes, or real estate. My Two Dollars, for instance, has a very good post [...] |
 
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