The big news in this era of economic austerity is that the government Housing Assistance Program has $1.2 million to give away locally to low income home buyers to purchase foreclosed homes in certain neighborhoods. Of course there are a few…
U.S. building permits unexpectedly jumped last month, signaling gains in housing will be sustained into 2010 after winter weather depressed construction at the end of last year.
Applications rose 11 percent to a 653,000 annual rate in December, the most since…
National Association of Realtors economist Lawrence Yun expects the $8,000 first-time homebuyer credit extension to continue to stimulate the lower end of the market, influencing the entire housing ladder. As more first-timers move in, others move up.
About 47 percent of…
As we begin 2010, real estate professionals and home buyers have something to look forward to and more importantly, take advantage of-the extended and expanded home buyer tax credit.
Originally created in 2008, the home-buyer tax credit has evolved from a…
Should the Federal Reserve continue to support the housing market through its mortgage-purchase program beyond March 2010? That question stirred some contention at the most recent meeting of the Federal Open Market Committee, according to the minutes of that meeting released…
Anybody who’s accumulated a significant amount of real estate, stocks or other assets over the years could be affected by a stalemate playing out on Capitol Hill.
The House of Representatives left town and won’t be back until mid January.…
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