Market Turn Around
Preview:Some Hard-Hit Cities See Signs
Of a Housing Market Turnaround
Tighter credit is prolonging a deep slump in home sales, but a quarterly Wall Street Journal survey of 28 major metro areas shows that the surge in inventories of unsold homes is slowing. In two of those markets -- Boston and Denver -- the number listed for sale has actually declined from a year ago.
Use our interactive chart to track fundamentals in 28 real-estate markets.
The latest trends offer some hope for an eventual recovery in a U.S. housing market that generally has... continue reading >>
THOUGHT YOU'D WANNA KNOW
What expenses related to owning a home are deductible?
First, mortgage interest on loans up to $1 million is completely deductible for the year in which you pay it to buy, build or improve your principal residence plus a second home. You can also deduct points you pay to refinance your home - over the life of the loan. You can deduct points paid when you purchase your home in the year paid, no matter who pays them, the buyer or the seller.When you sell your home, you probably won’t need to worry about capital gains... continue reading >>
The Sub-Prime Answer
I have been reading and hearing all of these tales of whoa! When the Real Estate Market turned soft. Of Course someone had to be the lamb of sacrifice "SUB-PRIME LENDING" & "CREATIVE REAL ESTATE"
What exactly is going on, and what does it mean to you?
A "subprime" home loan is a loan where the client has some significant
credit issues, or was otherwise unable to qualify for a standard,
conventional loan. Due to the fact that these loans tend to be quite risky
for the lender...they also bear higher interest... continue reading >>