March « 2011 « HomeBuyerPower®

New Homes Are Becoming A Bad Deal In Weak Markets

Yahoo Finance is reporting on a phenomenon we have been observing for some time now: If you want the best deals, look for those among the resales:

“A new home, the dream of many would-be buyers, makes less and less financial sense in many places.

A wave of foreclosures has driven down the [...]

Nationwide New Home Sales Lowest In At Least A Half-Century – Sales Tumble 16.9% To Record Low

The Wall Street Journal MarketWatch is reporting today that new home sales absolutely collapsed by 16.9% in February to a record low. Well, there is no way that the mainstream financial media can spin this one positive. No way, no how. A few of the highlights:

“New-home sales fell 16.9% to a seasonally adjusted [...]

What If We Are Only 25% Thru All Of The Foreclosures?

Mark Hanson, who in his former life was a highly successful mortgage banker, now an independent real estate and finance sector analyst, does not post publicly very often but when he does it is always worth a read. In his latest post he opines on a number of housing related subjects, including the number of [...]

The Daily Reckoning Says: “Why You Should Buy a House”

The Daily Reckoning, historically one of the more bearish pubs, has an interesting recent article analyzing the effects of inflation– which seems to be THE pronounced policy of the Fed– on the decision to buy a house today:

“Chairman Ben Bernanke promises to “promote inflation.” We take him at his word…and so do [...]

Ocean City’s Maryland Coast Dispatch Reports An Alleged Probe Sparking Condo Management Concerns

Ocean City’s Maryland Coast Dispatch reported yesterday that federal and local authorities may be investigating alleged improprieties in the management of Ocean City Maryland area condominium projects:

“An ongoing local and possible federal investigation… for various resort area condominium associations…”

The Dispatch article raises the following question for those currently owning an Ocean City Maryland [...]

What A Coin Toss Has To Do With The Housing Market

So why aren’t more home seller’s in Ocean City Maryland pricing their properties more aggressively?

“It’s been almost five years since the housing bubble popped. And, with a glut of homes still on the market, housing prices could fall further. Why is it taking so long for the housing market [...]

Cash Is King As New Wave Of Home Buyers Shuns Loans And Pays Small Bucks For Bargains

The Real Estate Channel is reporting a national trend that we see very much in play here in Ocean City, Maryland: Cash Buyers. As reported:

“It’s a new beginning in America’s home-buying market. More and more buyers are saying no to expensive and convoluted bank loans and paying cash instead for bargain [...]

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