Reuters - The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday.
AP - Home sales in the San Francisco Bay Area plummeted 22.8 percent last month from the previous year to reach their lowest level in 15 years, a tracking firm reported Thursday.
AP - Home sales in the San Francisco Bay Area plummeted 22.8 percent last month from the previous year to reach their lowest level in 15 years, a tracking firm reported Thursday.
Reuters - U.S. home builder sentiment fell for a third straight month in August to its lowest level in nearly 1-1/2 years, pointing to a weak housing market as the economic recovery loses steam.
For those who purchased investment rental properties before year the 2000, or had the foresight to invest in recession-proof locations like San Francisco or Seattle, it's easy to navigate the current real estate recession. However, it's a lot more complicated for the people whose real estate investments have dropped between 30%-50% in value, and are stuck with an adjustable interest rate loan that might skyrocket at any moment.
For those who purchased investment rental properties before year the 2000, or had the foresight to invest in recession-proof locations like San Francisco or Seattle, it's easy to navigate the current real estate recession. However, it's a lot more complicated for the people whose real estate investments have dropped between 30%-50% in value, and are stuck with an adjustable interest rate loan that might skyrocket at any moment.
AFP - Sales of newly constructed single-family houses in the United States shot up by nearly 27 percent in March compared to the previous month, official estimates released Friday showed.
AFP - Sales of newly constructed single-family houses in the United States shot up by nearly 27 percent in March compared to the previous month, official estimates released Friday showed.
Reuters - Baltimore and Memphis have filed new federal lawsuits accusing Wells Fargo & Co of steering black borrowers into expensive mortgages, only to later conduct many foreclosures that cost the cities property tax revenue and forced both to spend more on public safety.
Reuters - Baltimore and Memphis have filed new federal lawsuits accusing Wells Fargo & Co of steering black borrowers into expensive mortgages, only to later conduct many foreclosures that cost the cities property tax revenue and forced both to spend more on public safety.
Sunday, August 29, 2010
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