Just three years ago, people celebrated the consecutive five-year record home sale and the inflated all time high house price. Since then the housing market dramatically slowed down with the record low mortgage rate become history.
Many homeowners had seen their house value increased
dramatically three years ago. Now the house price is going reverse direction. The sub-prime mortgage crisis and adjustable mortgage rates re-set push the mortgage payment default rate to record high. The new house inventory, existing house for sale and foreclosure houses are all time high. Nobody can predict when the house price going up again.
Everybody loves the home ownership. Buying a house is a great investment, but house is also a consuming product. Owning a house has many ways draining your cash
-- mortgage payment, real estate tax, insurance, maintenance and so on. Buy what you can afford to fulfill your dream life.
The Celebrities often own multiple properties worth
multi-million dollars in different locations. They
earn millions dollars each year. But they also worry
about their property values, deal with buying and
selling property chaos, finance burdens as well as
home mortgage. Find the celebrity home news and
Celebrity home news and stories:
Britney Spears has troubles living in home...
Had a romantic winter wedding...
Angelina Jolie Found a new
Avril Lavigne Old
neighbor of Britney Spears...
Jennifer Lopez How many houses she has?...
Simpson Bought a future condo in Las
Hilton Forced to buy a new house...
Has a safer home in Malibu...
Lindsay Lohan Did she buy vice president
Dick Cheney's house?...
Cent Bought a huge $1 mansion in
Jackson Sold his Neverland Valley Ranch in
MegaStarHome Celebrity home news and
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