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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.
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...
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...
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....
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.
Another wide ranging item in the Obama administration's 2009 stimulus package, that has garnered as many questions and interest in the media, is the proposed $15,000 first-time home buyer (owner)...
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...
With interest rates on 30 year fixed-rate mortgage loans falling below 5%, the lowest level since the 1950s, many borrowers are keen to refinance their home loans and save tens of thousands of...
The FDIC, through Indymac Federal Bank is testing a program to adjust mortgages to help people stay in their homes. The idea is to prevent foreclosures, which are expensive to banks, as well as...