While there are few markets in the country that have managed to survive the current housing market without any battle scars there are some markets that have experienced more serious issues than others.
Two of the worst markets in the United States at the moment are Cleveland and Detroit; however, they are definitely not alone [...]
More and more consumers are recognizing that at least for right now they are better of financially renting than buying.
This is certainly a departure from the past when most consumers realized that the best financial option would be to buy rather than rent so that their money would go toward creating equity in a [...]
Many homeowners have been taken by surprise when the value of their home suddenly seemed to hit freefall.
It would certainly seem as though there should be one advantage to dropping home prices; however.
Many homeowners assumed that when the value of their homes fell, their property taxes would as well.
This has not been [...]
In some areas renters are also experiencing problems as a result of the housing market crash.
This has been quite a surprise for many people because they thought they were immune to the housing crash because they had not taken out a mortgage.
At the time, this seemed to be a safe strategy.
Many people [...]
While homeowners are facing the crunch of the housing meltdown, investors are also facing serious repercussions as well.
The housing market certainly hit is peak during 2005.
A number of investors came into the market at the end of 2005 and in 2006, eying the large profits that had been made as a result of [...]
Like homeowners, real estate agents are suffering as well.
Inventories have continued to rise and as a result many agents are not closing as many transactions as they have in the past.
In order to remain competitive, many agents have discovered that they must become quite creative in order to keep their offices open.
As [...]
Pick up any newspaper today and you are likely to see at least one article or sidebar discussing the mortgage crisis.
While there are still a few markets that have remained relatively untouched by the crash of the subprime market, most areas throughout the country have felt the impact in some way or another.
As [...]
