Foreclosures Caused by Rising Energy Costs

Rate caps that once held down electricity costs are ending countrywide. Maryland residents recently experienced the shock of a 70% electric rate increase. Pennsylvania residents will receive the first of several rate increases starting in 2008.

The mortgage industry facing huge losses from foreclosures is working with homeowners to reduce monthly mortgage costs. A reduction in mortgage costs may help, but this is only a temporary solution. Moving to another home, unless it is energy efficient will not solve the problem.

The best solution is to implement energy saving features in your home as quickly as possible. This will not only be good for you financially, it will also be good for the planet.

Siti Crook, 2007

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Siti Crook and the Energy Efficient Homes Team are experts in the field of energy efficient homes since the 1980s. She has an insightful perspective on rising energy costs and their affect on the real estate industry. If you’d like more information about current real estate trends visit Real Estate Investment Articles! Want to save energy? http://www.eehteam.com