See more on real estate commission rebate
In fact, many homeowners in those areas now owe more on their mortgages than their homes are worth. The number of foreclosures are at record levels and has contributed to the glut of inventory of unsold properties. The Obama administration introduced a housing aid plan that many hope will provide a boost to the real estate market and, in turn, the economy. The plan also specifically intends to stem the foreclosure rate and help many homeowners before they get in trouble. The one welcome change in all the real estate tumult has been interest rates.