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 How do you get an ex's name off the house title during a?
divorce?? she left about a year ago on her own free will, she has a house of her own( she might be on housing,since she dont work) she wants half of what the house is worth but it is being bought on ...


 Is it possible to buy a $250K apartment with only $15K down payment?
I make 85K a year and i want to purchase a rental property for cash flow. Thanks!
Additional Details
I'm not buying in the state that I live in. And that x2 salary myth is a load ...


 How do you find out how much houses have been selling for in a neighborhood?
All the advice I've seen about home buying says to find out how much houses in a given neighborhood have been selling for, so you will know how much to offer a seller. Any ideas where I can ...


 Can a Landlord enter your house without contacting you?
How much of a notice does a landlord have to give? Scenario: He called my phone 3 times and my voice mail box is full. I pull up and see him trying to get in. My girlfriend is also on the lease and ...


 My landlord still wants rent, but he lost the house to the bank! Help!?
We just signed a month-to-month rental agreement on a house in April, and paid first month and deposit.

In July, we received a notice that the house was going to be up for auction due to ...


 If I buy a home that is constructed in 2008, Do I have to pay property taxes on it in 2008?
I remember when I was talking to a realtor about a new home, she mentioned something about only having to pay property taxes on the land for the first year since it's new construction. Is this ...


 Does anyone have any tips for a first-time home buyer?
Any tips or suggestions you may have would be appreciated....


 For closure after 10 days late on my first payment?
I have two loans for my house one is a big lump some and the other is 20,000. Well i am behind 10 days on paying my first payment on the smaller loan and the loan is through an indiviaul not through ...


 My home loan has been sitting in underwriting since 8/13. I feel like the longer it sits there, the more the?
chances are of being denied. If it was a "go", then we would have heard by now. Right? I think that if we have to wait this long, it's because they're deliberating whether or not ...


 Can I use my deposit as my last month's rent?
Our lease is up end of the month. We have bought a home and will be moving in throughout next month. Can I use my deposit as my last month's rent? What are my rights, and what can a landlord ...


 Is the landlord responsible for bringing our wood stove up to code?
We asked our land lord to have our chimney swept and when they came out to do it they said it was not up to code and he refused to sweep it. We rely on our stove for heat in the winter, as a much ...


 When someone likes a house, how long does it take to make an offer?
My brother had an open house yesterday and one person seems so very interested and even the agent thought he would get an offer today, but he's worried he has not heard anything. He has a new ...


 Any LANDLORDS out there. i need advice ????
i am a new landlord looking to rent out an apartment. i am looking for tenants. what is the best way to advertise? how have you been able to find tenants. also, are there any good websites to ...


 What are the best areas to move to if im looking for a home under $75000 but in an appreciating area?
I am currently in central NC and cant afford housing in this area, what would be a closer place i could move with affordable housing $50-$70,000 in an appreciaing area with good job growth??...


 I want to buy a new home before I sell my old home. how?
I know the housing market is bad. Houses in my area aren't selling. Prices are going lower. I've found my perfect home and I want to buy it. I think I should be able to just pay ...


 Is it against the law to rent a house or apartment to an illegal alien in USA?
I see more and more illegal aliens living in apartments near my house in Sullivan County, NY. Sometimes, they come to ask if I want to rent an apartment on top of my garage that I have for guests. T...


 What is the real reason people are not paying their mortgages? Why such an increase in delinquency & forclose?
Is it because people were not making enough money at the time of purchase to make future payments on the mortgage when rates adjust up? In essence expecting to make more money in the future to be ...


 Is this a good time to buy a house? 10 points for the best advise. Thank you?
Why and why not? Thank ...


 Why dont someone rent to people with bad credit, you still have to have a place to live?
...


 Put extra money on the mortgage or into uprgrades in the house?
We have a good chunk of money in a savings account and may need to sell our house within a year. What will get a better return on our money? Putting the money down on the principle of the mortgage ...



Neel
By when do you think we are going to see fall in the home prices by more than 35%? Months or years or never?

Additional Details
Real estate market in the US soecifically SO Cal
                     
 




P C
Rating
Depends on how long it takes sellers - the ones who must sell - to get desperate.

As soon as they drop prices, the deck of cards will fall, until real estate again begins to seem worthwhile. Remember, it's not the people who hold on to their homes who determine price. Price is determined by those who will have to sell. All those people out there with mortgages they can't really afford.

Some areas may never see a decline, if those areas are not greatly impacted by recession.

Coasts have already seen a decline - much higher in real terms that the declines that have been published. Factor in 'real inflation' and it won't take more than 3 years in some of the larger coastal areas.


Homer J. Simpson
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They only way that would happen across the entire country is if fannie & freddie failed & brought the mortgage market to a complete standstill.


Rob
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My personal opinion is that once the baby boomers are forced to move out of their houses and into assisted living communities or nursing homes there will be a large surplus of housing causing a drop in prices. I think we are already seeing the market slow down and soon those with the captial available to take advantage of the slow down will make a great deal of money.


Leo Lion
Rating
Trying to predict falling home prices of that size is difficult.

I believe all that is going to happen is that homes will continue creeping higher and higher, and that will knock out many young folks who are in desperate need of adequate housing.

Salaries don't creep up enough to make homes affordable.

Many who bought homes twenty years ago, and thought they were in over their heads, find that today they can mortgage out more to finance other things they need...but also, many of them couldn't afford to buy the houses they live in at today's prices.

That part is scary.

I believe that there are places around still today where good homes can be affordable to many newcomers, the problem is that it will require moving away from friends and relatives and the job prospects may be poor.

No, I don't expect a big market collapse nor a depression.

Just more of the same stuff where those who bought years ago are King, and the young folks are hanging in the lurch.


ed
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If they fall that much, you may not have a job.


-*
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two more years and we'll see drops of 50%+...be prepared to buy with cash though as credit will not be available(or too expensive) due to coming depression.


rweasel6
As long as the population keeps increasing and major catastrophe doesn't happen you won't ever see that kind of drop.


Nobody
SoCal is one of the areas where prices are out of control.

As interest rates rise, people will be squeezed out at the margins which will make prices fall. Also, as some of these exotic financing arrangements become untenable, houses will either be sold or repossesed.

Still, 35% seems like an awful lot. I would have to go with never.


Nick R
35% is a dream. You may see 10%-15% in Southern Cal. later this year. Within 2 years the prices will be back up there short of an earthquake.


wth5003
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since everyone is freaking out about falling prices in the houses in places like boston right now i assume it will get worse and we will hit that mark, but if it gets better we probably won't ever see them cut that much. as a buyer i can hope, but its bleak


smack
Rating
the last i heard they predicted the runaway price increases were stalling and were leveling off ... but i seriously doubt that housing will go down


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