Sharga: Several more years with nearly 1M foreclosures per year

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Rick Sharga, EVP for Auction.com and veteran weather man’ for the real estate industry joins us today on FlipNerd.com to discuss the outlook.

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While I see what you’re saying about churning, I’m not sure I agree with the reasoning. If you sell a house after 5 years with a 30-year mortgage, you will definitely owe the bank more money at closing than with a 15-year, but you will also have made smaller payments for those 5 years.

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Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact

“(OC Register) Nearly three-quarters of a million people in California who were unemployed in April had been out of work a year or more, according to the state Employment Development Department. It is the only category of unemployment based on time out of work that increased year-over-year.

The 3-year project is meant to reduce the phosphorus moving into the watershed by 15,491 lbs. per year and sediment by over 10,000 tons annually, officials say.. nearly $1M grant to battle E.

What If Renters Can’t Afford Rent? There has long been a certain hierarchy in real estate, an order of things determined by such subjective factors as status, ego and money. At the top of the pyramid is real estate ownership, and with it, the largest possible bundle of rights.