The Cycle Continues – Obama Wants Banks to Lower Home Lending Standards + MORE

Sequestration: the ten years of automatic, across-the-board budget cuts that started March 1. It’s here and it’s effects are being felt.
The federal Section 8 housing assistance program has had five consecutive years of inadequate and declining program funding. Things are about to get worse.
A March 8, 2013 letter from the US Department of Housing and Urban Development on the HUD…

The housing industry has always been in a cycle where the the lending standards will loosen until there is a bubble or over-valuation and then over tighten to create an inability to borrow. That is understandable, and a normal part of the housing industry. And some will get hurt on either end of the spectrum…

A clear trend in Memphis real estate has become apparent in the last few years. Due to a combination of factors, the inventory of available housing has been on a sharp decline. According to figures from a recent article in The Commercial Appeal, the inventory of houses for sale has decreased from 13,300 in January of 2008 to fewer than 6,000 in January of 2013…

Filed under: NewsBy Scott Sheldon

Consumers shopping for a mortgage tend to be focused on one underlying goal: the lowest possible interest rate. Many have already noticed that rates have crept up in recent weeks as a result of the more exuberant stock market. The consensus is that more consumers who were observing the market movement are seeing rates rise and are now motivated to take action…

Source: IMDb
Everyone gets their start somewhere. For rapper Christopher Wallace, better known as The Notorious B.I.G., it all began in 972 square feet on the edge of gang-ridden Bed-Stuy. Today, the historic Brooklyn neighborhood is hipster central: artsy but not over-the-top cool. And Wallace’s former 3-bedroom is no exception, just hitting the market for a pricey $725,000…

Do you have these characteristics?
Over time, I’ve come to realize that there seem to be certain characteristics that the successful flippers have that others don’t seem to have and I feel it is why they are struggling with house flipping. This led me to want to put some thought into these characterstics and list them so that you can be honest with yourself about whether you might need to work on some of them…

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The 10 Worst Dressed Cities By Movoto
As Heidi Klum points out on each and every episode of “Project Runway”: In fashion, one week you’re in and the next—you’re out. Being that some of us are a bit obsessed with the hit reality competition show here at the Movoto blog, we thought we’d take a crack at finding out which major American cities were never really in on the whole fashion thing to begin with…