So today’s headline is that home sales have plunged 27% from June to July according the National Association of Realtors – and this seems dramatic and perhaps even surprising.  Though, this is an artificial drama being put on by people trying to get ratings.  It should be by no means surprising, and frankly shouldn’t have [...]

Windermere recently released an analysis of the extraordinary affordability created by the combination of today’s mortgage interest rates and home prices. Prices Down 13% to 24% In this analysis, they looked at more than 100 homes that sold in July 2010 – that also sold in sometime between 2006-2008 and compared the sales prices.  They [...]

You simply have to applaud the creativity of Wall Street investors and property developers… when a door for making money closes they know how to knock a hole in the wall and make a window for cash to pour in. In a recent trend that has been making it’s way across the country, property investors [...]

An update on the 2010 federal tax credits for buying/selling homes.

2010 Home Buyer Tax Credits Begin To Expire On April 30, 2010! The 2009 Home Buying tax credits extended and expanded into 2010.  Here are the key things to know: Extension of $8,000 First Time Buyer Credit The First Time Buyer Credit has been extended and is nearly identical to the tax credit in 2009.  [...]

The first time buyer tax credit has been a major success, and a big help in returning the national and local real estate market to a healthier balance, and it’s been extended for a short time to allow the economic recover to catch up to the real estate market.  In early-November, this credit was extended, [...]