The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.
Continue reading Sales of Distressed Properties Hit New Low
Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.
Continue reading Are Foreclosures Increasing or Decreasing?
Last week we mentioned that 52% of the Hispanic community believes that one of the top five most important financial priorities is reducing debt. In that article, we talked about a few ways to reduce that debt with the idea of being able to buy a home and create wealth as the ultimate goal.
After posting last week’s blog, one reader contacted us saying that it is hard for Hispanics to reduce debt because some Hispanics lost everything in the recession. This commenter was right, so we would like to address it in this post!
Continue reading Rebuilding Wealth: A Key Issue for Hispanics in the U.S