Here’s the deal, i really want to buy a house in this economy but my credit and my husbands are horrible (we’re in the 500′s). Also i don’t want to rent anymore because i’m tired of throwing away my money. Is there a website that would give me the listings of places to go? Is there anything i should be looking for? Or be aware of?
I’m really interested and can move in by September.
So unfortunately my husband and I are going through a foreclosure right now. When the economy started getting bad my husband lost his position and this process started. It’s by far the hardest thing we have ever had to go through…I am so scared that we are never going to have the opportunity to buy another house and that we’re going to be stuck in a rental home or apartment forever. What do you think?
DeanDretske.com – wanted to share a negotiating tip with you. Negotiating as the more relunctant party is a powerful strategy to getting what you want.
Home sales rose in March. The main reasons given are the homebuyer tax credit, rebound from the bad weather during the winter months and a better outlook for jobs and demographics.
I expect that April sales looked good as well, though I am doubtful that this will continue into May. Since the homebuyer tax credit ended in April, I expect that May sales will have fallen. I also think that the continued turmoil in Europe is going to have an affect in the overall economy here and that will affect house sales.
It is also expected that house prices and interest rates will remain unchanged through this year.
The chart that I found most interesting showed the percentage of mortgages that are ‘seriously delinquent’ (pg 5). The trendlines on this chart show that more and more mortgages are headed into foreclosure – a trend which will definately hold down the housing prices in the future.
