It is predicted that the UK housing market will get worse before getting better. House prices will likely decline by seven percent this year as opposed to expectations of a one percent rise.
Although it was predicted that gross mortgage lending would reach £340 billion this year, new forecasts shows that it won’t go higher [...]
The current crisis in the real estate market has forced many families to leave their homes. However, this has also caused some positive results, reports the nation’s best-known housing charity.
Some Habitat for Humanity chapters have decided to make the best of the situation by purchasing many of the houses affected by the mortgage meltdown, [...]
Los Angeles resident Shawn Forgaard, a 37-year-old software company project manager, bought ten homes — one to live in with his family, and the other nine as an investment. At the time, however, he didn’t realize that this might bring him to bankruptcy.
Now he acknowledges that it was a real mistake investing money in real [...]