First, this is a tax credit, not a cash payment. It's unlike a bailout to a bank, or even Cash for Clunkers where we as citizens wrote checks to take serviceable vehicles off the road. By taking part, buyers are keeping tax dollars out of Treasury hands, and I like that. A small distinction, I know, as the money will be made up somewhere.
Second, it's estimated the median home sale generates ...
I handle REO (foreclosure) listings for several banks, including Bank of America and local banks, and the number of new listings incoming have dropped off dramatically recently. In conversation with others who handle these properties, and with local banks, this dip was often echoed. It's likely that a foreclosure moratorium in place over the winter has delayed some properties coming ...
The passing of the $4500 "Cash for Clunkers" tax credit out of the House got me thinking. First, let's not fool ourselves into thinking that this is serious efficiency legislation- yes, it puts an incentive on deciding upon a fuel efficient vehicle, and that's certainly more palatable than forcing higher efficiencies and limiting consumer choice. But this is about getting auto sales moving more than ...
This UnReal Deal isn't about a particular property. Rather, it's about what you can get for your money. I was playing around with some numbers the other day, and in doing so found that I'd illustrated to myself some of the reasons it makes sense to consider buying now.
What got me thinking was a conversation with the renter of one of the homes I'm selling, who is looking for a new rental ...
From The Wall Street Journal:
With mortgage rates at record lows and the $8,000 first-time home-buyer credit set to expire Nov. 30, Ronald Phipps, first vice president of the National Association of Realtors, explains to Kelsey Hubbard why now is a good time to enter the housing market.
http://online.wsj.com/video/clock-is-ticking-for-first-time-home-buyers/14C00BED-8BE2-4D25-AF49-C3802F7BB5CB.html...