The Federal Housing Finance Agency released new figures on housing prices. This quarterly analysis looks at home sale prices based on data obtained from Fannie Mae and Freddie Mac for mortgages originated over the past 35 years. The report shows that home prices are down 3.1% compared to last year in the first quarter of 2010 nationwide. While this can be considered discouraging to some, it also highlights where the best opportunities are for home buyers or for a refinance in Nevada.
For homeowners who are on the verge of defaulting on a mortgage obligation, the sooner action is taken to protect a home the better. The following steps could be helpful to avoid a foreclosure. Review the terms of your mortgage or deed of trust. Go over the sections pertaining to default and seek advice from an attorney. There are a number of attorneys who specialize in real estate law who are knowledgeable about the foreclosure process in each state and they are best qualified to advise you on your rights. Some might offer free initial consultations. Additional assistance might also be obtained through non-profit legal aid organizations and/or low cost legal services. Check with the bar association in your state to see what services are available.
Nevada - This state is a lot more than the bright lights of Las Vegas. Nevada also offers the second-lowest total tax burden (state and local taxes) in the nation. And with home prices down 12.1%, it may offer your next home at a low price, too. Idaho - Technology firms like Hewlett Packard and Micron set up shop in Boise, and if you're looking for a career in technology but also want to enjoy a rustic quality of life, Idaho may be for you. And with house prices down 11.5% from this time last year, it may be easier for you to find a bargain.
Michigan - I can't say enough about my home state! We're America's high five! I can personally attest to the deals you can find on homes here, but you don't have to take my word for it. The FHFA numbers show they are down 8.9%. However there are a lot of great opportunities for artists looking for cheap studio space, filmmakers and young entrepreneurs. Northern Michigan is beautiful and folks on the west side of the state enjoy living near the world's largest freshwater dunes.
Utah - If you love to ski, you can't beat Utah. And with housing prices down 8.9% you may not be able to beat the deals you can find here either. Utah is also a great place to live. The cities of Ogden-Clearfield & Provo-Orem were featured in the number 2 & 3 spots on the Forbes.com Most Livable Cities list. Falling house prices can provide great opportunities for those looking to buy their first home or refinance. If you are looking for a refinance in Nevada or any of these states, don't delay. Rates are at an all time low.
For homeowners who are on the verge of defaulting on a mortgage obligation, the sooner action is taken to protect a home the better. The following steps could be helpful to avoid a foreclosure. Review the terms of your mortgage or deed of trust. Go over the sections pertaining to default and seek advice from an attorney. There are a number of attorneys who specialize in real estate law who are knowledgeable about the foreclosure process in each state and they are best qualified to advise you on your rights. Some might offer free initial consultations. Additional assistance might also be obtained through non-profit legal aid organizations and/or low cost legal services. Check with the bar association in your state to see what services are available.
Nevada - This state is a lot more than the bright lights of Las Vegas. Nevada also offers the second-lowest total tax burden (state and local taxes) in the nation. And with home prices down 12.1%, it may offer your next home at a low price, too. Idaho - Technology firms like Hewlett Packard and Micron set up shop in Boise, and if you're looking for a career in technology but also want to enjoy a rustic quality of life, Idaho may be for you. And with house prices down 11.5% from this time last year, it may be easier for you to find a bargain.
Michigan - I can't say enough about my home state! We're America's high five! I can personally attest to the deals you can find on homes here, but you don't have to take my word for it. The FHFA numbers show they are down 8.9%. However there are a lot of great opportunities for artists looking for cheap studio space, filmmakers and young entrepreneurs. Northern Michigan is beautiful and folks on the west side of the state enjoy living near the world's largest freshwater dunes.
Utah - If you love to ski, you can't beat Utah. And with housing prices down 8.9% you may not be able to beat the deals you can find here either. Utah is also a great place to live. The cities of Ogden-Clearfield & Provo-Orem were featured in the number 2 & 3 spots on the Forbes.com Most Livable Cities list. Falling house prices can provide great opportunities for those looking to buy their first home or refinance. If you are looking for a refinance in Nevada or any of these states, don't delay. Rates are at an all time low.
About the Author:
Learn more about refinance Nevada. Stop by Elisha Marty's site where you can find out all about refinance in Nevada loans and what they can do for you.
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