As part of the Housing and Economic Recovery Act of 2008, the IRS authorizes a deduction of up to $7,500 for qualified first-time homebuyers.
What does that mean? Read on for an explanation.
In Massachusetts even borrowers with good credit are having trouble getting a jumbo mortgage. The credit crisis seems to have spread beyond just the sub prime market.
John McCain is a straight shooter. We seem to live in a country where everybody is expecting the government to bail them out of poor decisions, even though it is already bankrupt. McCain is going...
Will these cottage industry houses ever become popular? I don't think they will if they are just as expensive as larger houses. But the idea of smaller houses in more integrated communities seems...
I took a look at the recent data from the National Association of Realtors and put together a few graphs. They show that home sales have fallen sharply, inventories are up pretty dramatically, but...
When you read this article about the effect of resetting ARMs on the real estate industry and realize that this is yet to hit, you also realize that there is another leg down coming. I don't see...
This article is going to seem cold, and maybe it is. But lately, as foreclosure rates have been soaring I’ve been hearing about quite a few politicians who want to help borrowers who got into...
At the highest end of the spectrum, the following major markets all have a greater than 60% chance of declines, according to PMI:
* Riverside-San Bernardino-Ontario, Calif. (65.2%);...
The reselling and securitizing of mortgages has made it difficult for borrowers to get debt relief. They can't find out who actually holds the loan. One family with a disabled son fell behind and...
This is a Blog from someone who is chronicling their savings and net worth online. It's become somewhat popular. The family just had a baby and are doing pretty well; their net worth is...
My neighbors and others have been telling me about how rising property taxes are pushing their budgets to the limit. This, even more than adjustable rate mortgages could push many over the edge.
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