My little obsession on discount real estate brokerage
A lot of homeowners in those markets have less equity in their homes or have loans that are larger than the price of their properties now. Foreclosure rates have continued to increase, which has exacerbated the surplus of unsold homes on the market. The Obama administration introduced a housing aid plan that many hope will provide a boost to the real estate market and, in turn, the economy. One of the main goals of the plan is to help responsible consumers and their lenders make mortgage payments more manageable, thus reducing the number of defaults and foreclosures. The one silver lining in the housing crisis is the incredible rates for mortages.