Wachovia is waiving all prepayment fees associated with its "Pick-A-Pay" mortgage program to help customers cope with declining home values and the credit crunch.

British house builder Taylor Wimpey said it is looking to raise additional equity to help withstand "a significant downturn" in the U.K. property market.

New investors rarely stop to address the subject of risk tolerance. People who have never done a single real estate deal see others making a lot of money in real estate and want to jump right in. They never stop to understand the true risks of real estate. Read the rest of this entry »

Tribune said it is consulting with real-estate firms to find ways to squeeze more value from its office complexes.

Folks -   This one will be very short and sweet.  Read the rest of this entry »

The collapse of the housing bubble will likely have drastic implications on the wealth and retirement of certain baby boomers, Read the rest of this entry »

There were many who bought much more house than they could manage and there were many who were taken advantage of. This we know. The blame game falls flat in this case, and as blame games go, they don’t offer solutions. What has happened is an across-the-board drop in the US savings rate and a spike in overall credit debt by US homeowners and the government itself. However, the biggest by product of this market climate situation is greater scrutiny by mortgage companies and banks. Read the rest of this entry »

Higher gas prices and an uncertain economic outlook means cottage country is becoming further out of reach for some buyers – even as prices soften for some Canadian recreational properties.
After a decade of substantial price increases, a significant jump in listings on the market and fewer buyers have resulted in starting prices that have started to decline in some areas, according to a report by ReMax Ontario Atlantic Canada released today. Read the rest of this entry »

A Plus Side To The Housing Market After All
Posted By: Diana Olick, CNBC.com
I like to think I know everything about home prices, but I learned a few things from Prof. Chip Case at a conference yesterday (one of the men behind the Case-Shiller Home Price Index).  Case is this fascinating guy whose brain is so swimming with numbers that you can almost see them crawling across his forehead.
Read the rest of this entry »

Folks - If you have the means, look at some these celebrity foreclosures as a means of augmenting your portfolio with high-end real estate.  Read the rest of this entry »