Market Commentary

Fannie Mae reported this week that in a recent survey of 3,000 Americans, the majority of those surveyed still prefer owning a home than renting. The survey revealed that 2/3s of renters surveyed said that they are hopeful to purchase a home in the future.

Obama: Subprime lending immoral, not illegal

Obama: “Subprime lending immoral, not illegal” Today the president took a question from a  reporter who asked him why his administration had failed to file suit or enforcement action against corporate leaders for the 2008 financial crisis that ultimately led to numerous bank, insurance, auto-maker and state bailouts. To that the president replied… “If someone has engaged in fraudulent…

Uncovering Hidden Treasures: Finding Stability in Unstable Times

My husband and I always operated under the premise that each house would be a stepping stone to the next bigger, better home. Our first house was purchased with an ARM loan, and we sold it about a year before the balloon payment was due. This house was never supposed to be our long-term home, but a stepping stone for a few years. We viewed buying and selling a house like trading cars, and it was often easier, in fact, than buying another car.