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WNY Real Estate News

July 17, 2008

77 Surefire Ways to Increase Your Home’s Value

Real estate is all about leverage and details. Whether you’re buying to flip, or just want to increase the return on the asset you live in, these tips can help you get top dollar for a house when you sell it. Here is a list of things you can do to increase your home’s value. Remember that any major home improvements you do should be because you want them. You many not recoup the investment so proceed carefully. I have written a lot on staging your home and improvements that you can do to your home. Today I thought I would share with you what others write on the subject!

read more | digg story

Analysts: 150 U.S Banks Nationwide May Fail Next Year

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year. But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions:

  • Just how many banks might falter?
  • And which one could be next?

More importantly how is this affecting the housing industry. Right now the requirements are already tightening. Could we be facing 50% down payments and borrowers only allowed to borrow money with high FICO scores? With less foreign money available for credit, the requirements will become stricter. Those marginal borrowers will find themselves out of the market because of their credit.

read more | digg story

How Fallout Could Affect Main Street


With all the troubles that are happening in the Real Estate world it is important to keep a level head. With all the media hype sometimes they get swept up in the drama. Could the troubles affect the rates you are charged for other loans?

To understand what is happening with Freddie Mac and Fannie Mae stocks you need to understand what the two entities do and why they’re important. Remember that Real Estate is local, and the Western New York Real Estate market is bucking the national trend. Yes it could affect decision makers with loans. We have already seen stronger lending guidelines. But if purchasing a home is in your future and you use good sense, don’t get over your head; then it is an excellent time to purchase.

read more | digg story

To find out more about the Western New York Real Estate Market, please feel free to call me at (716) 743-5297 today!

 

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