One of the more obvious reasons
on why real estate is no longer national are the varying laws from
state to state.
Now lets look at Texas, well thanks to the Texas Legislature in their infinite wisdom, we have second mortgages not lines of credit. Although, I will give a fair warning that they are a bit of a pain compared to other states!
Do you remember when you bought your home and you ha ...
Let's keep our focus on Houston to explain why real estate is local and not national.
Texas is flat and Texans should be thankful it is!! I have always said the homes that have the least amount of appreciation are the homes that are further out. Why? Well because you will always be competing with the next new subdivision and people will always drive 5 more minutes down the interstate to get ...
Before going into the two reasons why real estate is local and not national, we should probably review what caused certain areas of the country like California to suffer much faster and more than others.
Lets say you bought your home in 2002 in San Diego for $500,000. Fast Forward to 2007 and that home is now worth $700,000. You walk into your friendly bank and get a home equity loan a.k.a. ...
I know you guys are going to read this and think "Wow, this lady really does like to figure out real estate markets!" I am passionate about understanding how real estate works and how to help make it work for you.
Well although my blog might strike a nerve for some, I assure you that my opinion is based on years of professional knowledge and extensive outside research on the real estate mark ...