Real estate for dummies by Real Estate MAX

Bank of America is purchasing Seattle Mortgage Co. from Seattle Financial Group for an undisclosed amount. Seattle Mortgage had been doing business as Reverse Mortgage of America since 1995 having written over 40,000 reverse mortgages and over 4 billion in outstanding balances.
Is this another example of the big boys moving in during a slowdown, [...]

Michigan has been seeing a tough time of it lately. The slowdown in the automotive industry and the free fall of housing prices in metropolitan Detroit is now taking it’s toll on state tax revenue. Of course you can trust the government officials to take the low road and automatically tell the populace that they [...]

An article from the Online Journal quotes Henry Paulson:
Treasury Secretary Henry Paulson delivered an upbeat assessment of the slumping real estate market on Friday saying, “All the signs I look at” show “the housing market is at or near the bottom.”
Paulson added that the meltdown in subprime mortgages was not a “serious [...]