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Tag: home

How Jobs at 75 Cents an Hour are Killing US Real Estate

How Jobs at 75 Cents an Hour are Killing US Real Estate

I’m not sure what pills are used to treat depression, but they ought to be available to real estate buyers and sellers by the bucket. Real estate folks need such pharmaceutical assistance because for the past five years the news has been dominated by the worst financial conditions since the Great Depression, a time which […]

Posted in: Jobs
Less FHA Mortgage Loan Demand Undermines American Home Prices

Less FHA Mortgage Loan Demand Undermines American Home Prices

A small change in FHA guidelines has now hit the market and the result has been both immediate and devastating. “Purchase applications fell last week, driven primarily by a sharp decrease in government purchase applications as new, higher FHA premiums went into effect,” said Michael Fratantoni, the Mortgage Bankers Association Vice President of Research and […]

Posted in: Mortgages
Real Estate Seer: Renting In, Mortgages & Foreclosures Out

Real Estate Seer: Renting In, Mortgages & Foreclosures Out

In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. […]

Posted in: News
Will home prices stabilize in 2011?

Will home prices stabilize in 2011?

Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but […]

Posted in: News
Will Rising Gas Prices Down Home Values?

Will Rising Gas Prices Down Home Values?

About the last thing anyone wants to hear is that gasoline prices are rising. They topped $3 a gallon at year-end and the outlook for the future is hardly great: Several sources are predicting $5 gas by 2012. In a very-direct way gas prices have a lot to do with current mortgage rates, refinancing and […]

Posted in: News
1 Million First-Time Home Buyers To Owe IRS
By September 15, 2010 0 Comments Read More →

1 Million First-Time Home Buyers To Owe IRS

More than a million first-time home buyers are likely to get unfriendly letters from the IRS, brief little notices from Uncle Sam which say we want our money back. A report by the Treasury Department’s Inspector General for Tax Administration shows that nearly 1.8 million taxpayers filed claims under the government’s First-time Homebuyer Tax Credit […]

Posted in: News
HUD Scorecard: Home Prices Stabilizing

HUD Scorecard: Home Prices Stabilizing

HUD has introduced a new public information report, a Monthly Housing Scorecard. This is an idea which makes a lot of sense, not only because of what it says but also because HUD includes data from both governmental agencies and the private sector in one place. The News To start, and given the events of […]

Posted in: News
2009 Home Sales Up, But Values Down

2009 Home Sales Up, But Values Down

Real estate sales reached nearly 5.2 million in 2009, up 4.9 percent from 2008 according to the National Association of Realtors. The increase was the first annual rise since 2005. In terms of prices, NAR says for all of 2009, the median price for a single-family existing home was $173,200, down 11.9 percent from 2008. […]

Posted in: News
Real Estate: How To Re-Power US Home Sales

Real Estate: How To Re-Power US Home Sales

Long ago I was a part owner of a company that produced dual-fuel vehicles — they could run on either gasoline or propane with the flip of a switch. We did a lot of fleet conversions and we even supplied fuel for a number of apartment buildings. I also used to write about energy and […]

Posted in: Library
Real Estate: What Really Happened To Home Prices

Real Estate: What Really Happened To Home Prices

We’re not going to restore the housing market without solid factual evidence to suggest that home prices have started to turn around. A good source for such evidence is the Federal Housing Finance Agency (FHFA), the government body that now oversees Fannie Mae and Freddie Mac. In figures release yesterday, FHFA tells us that in […]

Posted in: News