As realtors, we are always telling people why “today or now is a good time to buy” and many times we have good reason for that. The prices are down and there are a number of foreclosures available, buyer incentives, etc, etc. Maybe the best reason of all right now to buy is the interest rate.

At the end of last year, Move.com, the company that also owns the more popular Realtor.com, published a survey they conducted forecasting home buying in 2010. According to Move.com one in 20 Americans say they plan on buying a home within the coming year. While that doesn’t seem like a lot of people the most interesting part of the data are the demographics. The people most likely to buy will have a median age of 34 or younger and will be living in the South and West according to the survey.

“It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief, it was the epoch of incredulity; it was the season of light, it was the season of darkness; it was the spring of hope, it was the winter of despair; we had everything before us, we had nothing before us; we were all going directly to Heaven, we were all going the other way.”

On Wednesday, Move.com, the company that also owns the more popular Realtor.com, published a survey they conducted forecasting home buying in 2010. According to Move.com one in 20 Americans say they plan on buying a home within the coming year. While that doesn’t seem like a lot of people the most interesting part of the data are the demographics. The people most likely to buy will have a median age of 34 or younger and will be living in the South and West according to the survey.

Wall Street has seen 10,000 on the big board a couple of time over the last week which has led many people to believe the economic recovery is here. I am not so sure that it is and here’s why.

Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages.

We hear a lot about foreclosures these days in the news. Internet, newspaper, TV, and radio all regularly report on the rate of foreclosures, the number of foreclosures, the hardest hit areas, and how many more are yet to come. Analysts and economists have been predicting for quite a while now that we are going [...]

This will surley help a lot of people. Please read from the Associated Press:
The U.S. Senate on Saturday passed a bill that would stem foreclosures by allowing some 400,000 home owners refinance into affordable, government-backed loans.
The bill, strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, passed by a margin of 72-13. The House of Representatives [...]

Do you know of someone who may be facing foreclosure? There are simple things people can do to avoid it or make the process go easier.
Here are some tipcs from Biltmore Capital Group:
1) Don’t hide. Open the mail; answer the phone. Respond.
2) Be proactive. Contact the bank or lending institution and discuss your financial situation.
3) [...]

I would be intestered to hear what you think about Congress’s plan to help home owners and the foreclosure issue. Last week the Congress approved a plan and this week
the Senate is pondering the same plan. Here’s the latest update from the wire:
It is now the U.S. Senate’s turn to craft its own version of [...]