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Could the Tax Credit Be Extended Again?
Written on 22 Feb, 2010 at 14:52 in Blog | viewed 71 views times and users have made 0 comments so far
The pressure is increasing on Congress to renew the homebuyer tax credits for a third time. The first $7,500 tax credit was passed in 2008 and required first-time buyers to repay the credit over 15 years. A few months later in... (Continue reading)
Affordability of housing dips in county
Written on 18 Feb, 2010 at 11:26 in Blog | viewed 69 views times and users have made 0 comments so far
San Diego County’s housing affordability has again dipped below the 50 percent level, the National Association of Home Builders said yesterday. The 48.1 score in the Housing Opportunity Index represents the percentage of homes sold in the fourth quarter that a... (Continue reading)
Property Values Fall Again
Written on 10 Feb, 2010 at 19:35 in Blog | viewed 63 views times and users have made 0 comments so far
U.S. home values declined another 5 percent in the fourth quarter, compared to the previous year. This was the 12th straight quarter of year-over-year declines, reported Zillow.com. More than 29 percent of homes sold in 2009 in the... (Continue reading)
Will Rewarding Borrowers Prevent Defaults?
Written on 10 Feb, 2010 at 8:41 in Blog | viewed 71 views times and users have made 0 comments so far
Will paying underwater borrowers to keep meeting their mortgage obligations prevent them from walking away? Loan Value Group LLC says it is working with a major mortgage lender to test this theory. Here’s the plan. The mortgage investor offers a cash reward... (Continue reading)
Pending Home Sales Stabilize
Written on 2 Feb, 2010 at 14:40 in Blog | viewed 54 views times and users have made 0 comments so far
Pending home sales have leveled from a market swing driven by response to the home buyer tax credit, according to the NATIONAL ASSOCIATION OF REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, increased 1... (Continue reading)
10 Home Features Buyers Want
Written on 1 Feb, 2010 at 12:36 in Blog | viewed 55 views times and users have made 0 comments so far
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value. “It’s all about family togetherness – casual living, entertaining and flexible spaces,”... (Continue reading)