Real Estate Articles on BestCashCow - real_estate, housing, housing_bubbleBestCashCow | Making You Money: financial news, financial products, financial tools
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.
A $7,500 credit may push some new buyers into the market. But the money must be repaid, and the program probably won't be enough to jump start the housing markets.
I find it interesting to see...
Countrywide will report earnings on Friday and what they report will help to further understand the impact of the credit crunch. Countrywide has decreaded its lending 40% since the crunch began.
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...
I think everyone who doesn't have his head in the sand realizes that the housing market has a long painful slide ahead of it. I am trying to protect my biggest investment
Ken Rosen, a real estate economist says housing market is the worst since the great depression. Sales and prices falling and no end in sight. He thinks there is a 45% of a general recession.
Just a year ago if you didn't own a home you were out of the game. My what a difference a year makes. Now, if you own a home you're pretty much stuck. You have to find a buyer, a mortgage, etc.
Banks bad record keeping is coming back to haunt them. Unable to produce the original mortgage note, courts are not allowing banks to foreclose on homes. This is especially true of the 19% of...
From NY Times article:
"Not since the Depression has a larger share of Americans owed more on their homes than they are worth. With the collapse of the housing boom, nearly 8.8 million...
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