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(EMAILWIRE.COM, July 30, 2007 ) TAMPA, FL – The American residential real estate market is laboring under the steadily accumulating weight of bankrupt mortgage lending companies, rising mortgage defaults for subprime and even prime borrowers, home foreclosures, house price declines, and a frequent inability of homeowners to sell a house fast. Last week’s significant stock market declines are tied in part to the troubles of the housing sector and the connection it has with credit available for prospective homeowners as well as for businesses. This can have a trickle down effect for those who want to buy a home.While solutions to the overall economic situation may not be easily found, many consumers who are still in the market are turning to the internet to help themselves buy or sell a house. On-line listings are up significantly and a majority of people now report that they used the internet to shop for mortgage prices or real estate. One company that provides internet-based real estate services to homeowners looking to sell a house and people looking to buy a house is The Home Buying Center http://www.TheHomeBuyingCenter.com. The company runs a leading website that connects real estate investors seeking to buy houses for cash with homeowners who are motivated to sell quickly. The company also provides a for sale by owner type "Buy A Home" listing service http://www.thehomebuyingcenter.com/listingswhere people can post their homes on the web to be found by millions of home buyers surfing for a house to buy.As a result of the problems in the market, company president Patrick McGilvray said, "we decided to give $20 off our regular $39.95 unlimited real estate listing service to our customers from now through the end of August. We're committed to using the internet to help make the residential real estate market more efficient and affordable."Greg Forster, a real estate investor in Clearwater, St. Petersburg, and Tampa, FL and local affiliate of The Home Buying Center said, "I love being part of this company because we do our best to help the people who call and email us by providing them options.”In addition to buying and selling services there are many places for prospective home sellers to find estimates of their home value if they are selling now. Sites such as http://www.zillow.com and http://www.realestate.yahoo.com have extensive information on home values across the United States.### This press release was issued through GroupWeb EmailWire.com. For more information on press release distribution, go to http://www.emailwire.com.
Patrick McGilvray, J.D.
Patrick McGilvray, J.D.
patrick@thehomebuyingcenter.com 
Source: EmailWire.com
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