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 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....
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...
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.
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...
Tracks the housing finance breakdown: a saga of corruption, stupidity, and government complicity. The keep track of the number of major mortgage lenders who have imploded since 2006. As of right...
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...
Alan Greenspan faults the U.S.'s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an "ideal opportunity" to dismantle the mortgage giants. The former Fed chairman...
It's confirmed. The United States of America has suffered the largest home price decline in the western world over the last two years. The Economist provided a house price index which....
Here's the central problem in the credit crunch that has gripped the world. Housing prices keep falling and the news doesn't get any better. The WSJ just published an article that says that 1 in...
Apart from a short term slowing of the current housing market crisis and credit crunch, the bill will only delay the inevitable downward spiral. Unfortunately the American and global economy is...
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