Federal Tax Credit Used as Down Payment
At last week’s NAR Mid-Year Conference in Washington, HUD Secretary Shaun Donovan, said that the Federal Housing Administration (FHA) is going to permit its lenders to allow home buyers to...
continue readingNAR Believes Real Estate Slump Ending
A couple of weeks ago, I referenced a cautiously optimistic outlook on the economy (”Real Estate Slump End in Sight?”) by NAR’s former Chief Economist John Tuccillo. At the end...
continue readingReal Estate Market Boosted by First Time Buyers
The National Association of REALTORS (NAR) says over 50 percent of March’s home sales were tied to first-time buyers, many of whom snapped up foreclosed homes and other distressed properties....
continue readingReal Estate Slump End in Sight?
It's the 10 trillion dollar question and there are quite a few opinions:Over this past weekend, former NAR Chief Economist John Tuccillo posted a weblog entry (“Is the End in...
continue readingNationally Pending Home Sales Are Up
From NAR’s Research Division this past week:"Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors....
continue readingSo, What’s Up With This $8,000 Tax Credit?
Last week, as the world knows by now, Congress passed a rather large Economic Stimulus Bill, with President Obama's signature expected this week. One of its features - a tax...
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