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Home sales are up but prices are falling: Who's buying houses?
Current home shoppers, experts say, generally fall into two camps '” first-time home buyers and investors. Almost all other buyers remain on the sidelines, either because they're unable to qualify for low-interest loans or because their current home has lost so much value they don't have enough equity for a down payment on a new one.

Home sales are up but prices are falling; who's buying houses?
First-time home buyers Andrew and Kaori Nielson made a deal on a two-bedroom San Jose townhouse last month, even though they knew that property values are falling. Search database of investor-owned homes Real estate news

Economy permeates ‘08
Adam Smith is often considered the father of modern economics and described market forces as an “invisible hand.” The nation felt its trembling fingers this year and northern El Paso County has not escaped its shaky reach. After the housing bubble burst, gas prices spiked and a monolithic federal bailout ensued intended to keep credit flowing in a floundering market — and the full effects of the ...

The Unfortunate Reality Of Housing Subsidies
America's bipartisan obsession with homeownership.

FHA loan limits by county: January 2009
New maximum loan sizes go into effect Jan. 1, 2009, for conforming mortgages. Conforming mortgages can be insured by the Federal Housing Administration, or FHA, and can be sold to Fannie Mae and Freddie Mac.

LHAND offers counseling and assistance to those in foreclosure
LYNN - With the number of foreclosures continuing to impact cities such as Lynn, the Lynn Housing Authority & Neighborhood Development (LHAND) has developed a two-pronged Foreclosure Prevention & Neighborhood Stabilization Program that consists of: foreclosure education, advocacy, loss-mitigation options and neighborhood-stabilization activities that focus on identifying distressed and ...

A buyer’s market, for now
Low interest rates, dropping home prices and a glut of homes on the market make it a great time to buy a house in Skagit County even as home values are beginning to show signs of stabilizing, real estate…