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Tag >> unemployment

Apartment Vacancies Continue to Rise

Posted by: Carleton Sheets in Vacant, Vacancy, unemployment, Trend, Tenant, Renter, rent, Real Estate Market, commercial real estate, commercial property, apartment on Jul 13, 2009.

A recent report on CNNMoney.com about apartment vacancies reaching historic levels reminded me of one of my blogs I wrote last October, Where Are All the Renters?,  and another one, Bringing Families Closer Together,  that I posted in February of this year.

The CNN article talks about how the rising unemployment rate has hurt apartment rentals. One demographic hit hard---the 18-25 year olds

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More Mortgage Refi Modifications for “Underwater” Borrowers

Posted by: Carleton Sheets in unemployment, Refinance, Real Estate, Obama, mortgage, loan to value, Loan, Interest Rate, Freddie Mac, Foreclosure, Fannie Mae, fair market value, Economy, Credit, borrower, Barack Obama on Jul 02, 2009.

A recent article published by CNNMoney.com reports that the Obama administration has revised its initial mortgage refinancing program to help more borrowers---including those whose homes are valued below their loan amount---qualify for refinancing. The revisions also include stipulations that enable eligible borrowers who are either in default or at risk of defaulting on their loan to lower their

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