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If mortgage rates plunged to zero: Imagine financing a home purchase with a no-interest mortgage. You’d probably never want to move again.

As rates continue their downward drift, some are asking what the home buying world would look like with Zero Percent interest rates.

From the Wall Street Journal:

“Rates at or near 0% could bring more first-time home buyers out of hiding to seek out extremely favorable financing for a house, Sahnger said. Get [...]

September 27th, 2010 | Tags: , , , | Category: Real Estate - National News | Leave a comment

Financial Crisis Hits Condo Associations: As more homeowners fall behind on dues, those who are able to pay suffer

The Wall Street Journal had a piece about how the current economy is affecting condominium associations and in particular, condominium unit owners. A very timely subject for many property owners and prospective condominium unit buyers in the Ocean City Maryland area:

“People often buy a condo unit partly because they don’t need to worry [...]

September 8th, 2010 | Tags: , , , | Category: Ocean City MD Real Estate, Real Estate - National News | Leave a comment

House Prices Are Still 10% Too High, Says Barry Ritholtz

Well, while Barry may be overly optimistic with a forecast of current prices being only 10 percent overpriced, I do think he is dead-on right about something very big that is profoundly affecting the stalemate in the current real estate marketplace: Homes Are Being Priced Too High By Sellers With Unreasonable “Bubble-Era” Expectations.

From Yahoo Finance:

September 4th, 2010 | Tags: , | Category: Ocean City MD Real Estate, Real Estate - National News, Uncategorized | Leave a comment