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The U.S. Department of Housing and Urban Development (HUD) released plans to close 16 field offices. For Americans that seek in-person assistance from housing authorities, June was a devastating month. The offices set for foreclosure are located in areas that have a higher concentration of foreclosures, meaning services are more readily required and needed. While…

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As home sales continue to increase, real estate experts are expressing concern about this sudden surge. The National Association of Realtors® warns that if new homes supply doesn’t increase by 50-percent, the U.S. may be facing yet another housing bubble. Housing becomes unaffordable when two key market conditions occur: supply simply can’t meet the demand…

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Strategically pricing a home is necessary for maximum home seller profits. Today, experts are seeing an increase in bidding wars and are advising sellers to list their homes at approximately 10-percent below the market’s current values. In return, this is helping sellers gain a 10-percent profit over current home values. While bidding wars are beneficial…

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Every year “Money” releases their top list of best small towns and cities in America. This year the list includes the following top 10: Carmel, Indiana – This quiet town has transformed into one that focuses on combining play and work. Offering easy commute times, their business district features the second highest concentration of office…

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The world of mortgages can seem overwhelming and daunting. Fortunately, My Hard Money Lenders highlights key mortgage questions and answers to help demystify the current loan industry. How often can a borrower refinance? Borrowers can refinances as often as they would like, but it’s important they make sure that the traditional costs associated with a…

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Reports show that there are a number of U.S. cities that are poised for economic recovery. Popular big cities that are weathering the recession include: New York, New York – This “wonderful town” is not only the largest U.S. city, but it is also the most densely populated. With 27,000 people per square mile, this…

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The latest reported released by the S&P/Case-Shiller national index shows that home prices have increased an average of 10.2-percent in the first quarter of this year. This excellent news indicates that the housing market may be on the brink of recovery, as the market is reporting the strongest house price gains since 2006. The first…

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With mortgage rates decreasing steadily for a number of years, May saw a turnaround, with mortgage rates increasing. Mortgage rates saw an all time low in November 2012, making homebuyers scurry to quickly take advantage of rates that were hovering near 3.31-percent. Thirty-year mortgage rates were 3.35-percent at the beginning of May, surging to 3.81-percent…

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In 2006, when the U.S. real estate bubble burst, home sellers suffered from distraught worry and anxiety. Within months, homeowners went from a seller’s market to a buyer’s market, which meant that buyers were in control of pricing and contract considerations. As the economy starts to recover, homebuyers are finding themselves in the backseat, not…

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Even though March saw a slight increase in foreclosures, the downward foreclosure trend is still expected to dominate this year’s real estate market. Statistics nationwide show that foreclosures have decreased 52-percent since their peak in 2010. In fact, nationwide the U.S. saw 55,000 foreclosures in March 2013 and 52,000 in February, down from an all…