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.
The Harvard Joint Center for Housing Studies projected that housing remodeling activity would be down in 2008. Bad news for Home Depot, Lowes, and thousands of contractors, etc. More fallout from...
Take a look at the data below and tell me if all of the sub-prime talk really makes sense. I suspect that savvy investors are seeing through the hype and are already taking positions to profit...
Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that...
The recent spike in home foreclosures in Massachusetts is caused primarily by falling housing prices, and not by rising mortgage payments, according to research released yesterday by the Federal...
A Blogger calling himself Captain Capitalism has put together a short cartoon that explains the mortgage mess. From what I can tell he's an economics professor at a university in Minnesota.
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...
The Housing Bailout Bill making its way through the Senate doesn't just benefit homeowners in trouble. It can also benefit many other homeowners, from first time buyers, to seniors, to veterans....
The Hamptons, a vacation playground for the Manhattan rich was once thought to be recession proof. But as Wall Street job losses have continued even it is feeling the impact.
Still, don't cry...
As a result of the collapse of the housing bubble, families across all age groups will see a substantial reduction in their wealth compared to the 2001 and 2004 levels. Per the following...
Bloomberg reports that house prices have climbed in Cleveland for the first time in several years. That's the good news. The bad news: prices had to fall to 2000 levels before buyers returned to...
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