Mariana Wagner

National Real Estate News Update

Sometimes we need to peek outside of our Colorado Springs real estate market and see what is happening around the nation. Here are some interesting recent headlines:

Investors flock to Detroit’s housing market - The Detroit real estate market has homes for sale for less than $20,000 … some going for mere hundreds of dollars. Investors are “heading north” and buying up a bunch of homes in hopes of turning them into rentals … and selling them for a profit when the market shifts again.

Mortgage rates drop to record low – 30 Year mortgages are at 4.85% FIXED RATE. If you need a better rate on your current mortgage – REFINANCE NOW. If you were ever considering buying a home for sale in Colorado Springs – BUY NOW! Home prices are WAY more affordable and you CANNOT BEAT the current interest rates!

Lenders that the Wagner iTeam work with, that can help you:

• Trace Lee – Pam Childs Team – CB&T Mortgage: 719.785.7105  or  719.785.7115
• Marcy Langlois – Colorado Capital Bank: 719.482.7070

Mortgage fraud reports up 26 percent - Lying on mortgage applications and people scamming distressed homeowners into signing over their deed to “avoid” foreclosure are just 2 instances of mortgage fraud running rampant in the real estate industry right now. Participate in mortgage fraud – go to jail.

Bail Yourself Out ? Here’s How – Several GREAT tips and tricks on how to save money in ALL areas of your life right now.

Smart Money Saving Tips You Need Now – Tips on saving on food, education, utilities, transportation,entertainment and health care. AWESOME!

Where does your state rank? -Americans everywhere are feeling the recession’s pain – some more than others. Colorado is actually looking quite well … comparatively:

Enjoy these news stories and let us know what other national real estate news stories you find!

March 30th, 2009 by Mariana Wagner | Leave A Comment

This entry was posted on Monday, March 30th, 2009 at 8:30 pm and is filed under BUYERS, Life Of A Real Estate Agent, Mortgage and Finance, Real Estate General, SELLERS, Scams and Fraud. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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