In the wake of the housing meltdown, strategic defaults, or walkaways, continue to be a popular way to dispose of a home whose value has dropped significantly below the mortgage balance. Those using this option can usually afford their house note, but choose to move on to housing that offers more value for their money.Sites […]
Memphis home sales up for May
According to MLS sales numbers released by the Memphis Area Association of REALTORS®, May, 2010 home sales are up 16.4% from 2009 (1,195 vs. 1027) units.  Well, duh. Can you say Home Buyer Tax Credits? Although Congress is trying to extend the closing deadline of June 30 for buyers who completed their contracts by April […]
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Buy vs. Rent – Trulia’s Index
Real Estate website, Trulia, has developed an index to advise consumers whether it is more cost effective to rent or buy a home. As with most data from the big RE sites like Trulia and Zillow, the index is based more on company-defined stats and algorithms than any subjective, boots on the ground, local input. […]
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