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Monthly Archives: AUGUST 2008

August, 2008
Home Values Drop at Record Pace

Home values as a nationwide average were reported today down 15.9% from this month last year. This is the largest decline on record.

However, the drop was less than forecast, so some economists are becoming encouraged that the end of the housing downturn may be in sight.

We are seeing signs of life in the Denver area. Many potential home buyers and investors are starting to enter into the market, fearful that they will lose ...

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posted by rjbaxter August 26, 2008 9:27 | permalink | comments (0) | Real Estate

Is Fannie Mae and Freddie Mac Bailout Coming?

The new legislation passed by Congress recently has given treasury secretary Henry Paulson more power to oversee Fannie Mae and Freddie Mac, the troubled home-finance giants. Many feel that this is the first step in an ultimate government takeover of the entities.

Whether or not that happens, remains to be seen, but I wanted to post a link to a great article I found in Business Week Online on the topic. This is ...

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posted by rjbaxter August 23, 2008 0:22 | permalink | comments (0) | Real Estate

Live Mortgage Help!

Do you have mortgage or real estate questions? What is happening with the mortgage market today? Where are mortgage rates headed? Mortgage program questions? Wondering how the home loan process works?

Whatever your question, I am here to help! Utilize my live chat feature in the upper-right corner of this blog to enter into a live chat with me. If I'm not online, you can still use this feature to send me your questions. I will receive ...

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posted by rjbaxter August 21, 2008 5:08 | permalink | comments (0) | Bad Credit Mortgage Help

Unemployment Getting Uglier

Although unemployment numbers can sometimes be inaccurate, and are many times revised in subsequent months after the initial release, it is becoming more apparant that higher unemployment and a weak labor market is here to stay.

The unemployment figures releasted yesterday are an earmark of recession, with continuing unemployment claims well over 400,000 which is consideredd the benchmark for recession.

Many economists think unemployment will get worse before it gets better. I have ...

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posted by rjbaxter August 01, 2008 4:58 | permalink | comments (0) | Real Estate

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