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716 COLONY PLACE Off West Metairie Ave between Transcontinental & Airline Pk Blvd AND West Metairie Ave & Airline Hwy Is neighborhood important to you? This 4 bedroom is located on a lovely high demand street near St. Martin's School. Lovely ...[Read More]
The rapidly increasing number of foreclosures is creating a shortage of attorneys knowledgeable about this legal specialty. About 86 percent of foreclosure victims didn't have legal counsel last year, according to the Brennan Center for Justice at ...[Read More]
The market for new homes is so weak that many builders aren’t building much of anything unless they have a signed contract. Inventories are at 7.5 months, their lowest since 1992, according to the National Association of Home Builders. Getting the ...[Read More]
Senate Banking Committee Chairman Chris Dodd (D-Conn.) says Senate Democrats have agreed to extend the first-time home buyer tax credit. The latest version extends the program to home sales signed — not closed — by April 30. Purchasers would ...[Read More]
2009 has been a great year for real estate - I know you don't hear that a lot...but it has been sooooo busy this year, not only for folks I get to work with, but also for my family. My husband and I just closed on a house last Friday and then spent ...[Read More]
The U.S. Treasury announced that 500,000 trial loan modifications have been completed under the Making Home Affordable program. Secretary Timothy Geithner said the number of trial workouts is rising faster than the number of homeowners nearing foreclosure. ...[Read More]
Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), ...[Read More]
Young people just starting to invest and buying their first homes are potentially the winners in this recession. First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according ...[Read More]
American Forces Press Service WASHINGTON, Sept. 30, 2009 - Defense Department officials today announced the details for distributing $555 million available under the Homeowners Assistance Program. The program is part of the American Recovery and Reinvestment ...[Read More]
Fall maintenance is important because it helps make homes more energy efficient during the winter months, and will safeguard homes against potential seasonal 'disasters' such as leaking roofs or home fires caused by neglected chimneys. Here are ...[Read More]
This video was on our MLS and I thought it was very good to watch. It explains the tax credit very simply. I wish I could just embed it, but I'm clueless with that, so click the link instead: http://www.gbrar.com/absolutevc/?v=101[Read More]
Buyers who are under contract and hoping to close before Nov. 30 when the first-time home buyer credit expires should refrain from buying furniture and other things on credit. Lenders are running credit checks prior to closing day and any increase in credit ...[Read More]
The Obama administration has opened a dialogue with major lenders, economists, and government officials over the possibility of extending a financial lifeline to home owners who no longer can afford their mortgages because of job losses. Possible strategies ...[Read More]
Washington is being forced to take a hard look at the expiring $8,000 first-time homebuyer tax credit. Nearly a dozen bills have been proposed to extend the credit past the Nov. 30 deadline, but the top decision makers are just beginning to weigh in. On ...[Read More]
A Florida real estate consulting company specializing in mortgage forensic research, warns homeowners near or in foreclosure that legal violations are increasingly common in complex mortgages and urges them to examine their paperwork carefully. Consumer ...[Read More]
The National Association of REALTORS® is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year. Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought ...[Read More]
A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis. Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today: Old-fashioned ...[Read More]
Interest rates on home mortgages dropped this week, with the 30-year fixed-rate mortgage averaging 5.08%, according to Freddie Mac's weekly survey of conforming mortgages. The 30-year fixed-rate mortgage averaged 5.14% last week and 6.35% a year ago. ...[Read More]
September 10, 2009—(MCT)—Did you recently trade in that old clunker for a new car? OK, so how are you fixed for a new refrigerator? Or maybe a new dishwasher or heat pump? Brace yourself. A federal “cash for appliances” program ...[Read More]
Investors are returning as the real estate market recovers. BusinessWeek’s real estate guru Marc Roth points out these opportunities, which he says make sense if investors are willing to look over the property carefully and ask tough questions. Options ...[Read More]
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate. Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban ...[Read More]
In Resilient Markets, Housing Values Rise Despite the seemingly endless news about falling home values, there are cities across the country where home prices are on the upswing. Using data from Zillow.com , BusinessWeek magazine identified the strongest ...[Read More]
When the Federal Reserve ends its meeting on Wednesday afternoon, it is almost certain to leave the key rate at or near zero and pledge to hold it there. That makes it likely mortgages will stay historically low and rates on home-equity and other consumer ...[Read More]
The 30-year fixed mortgage rate dropped to 5.22 percent during the week ended Aug. 6 from 5.25 percent the prior week, Freddie Mac reports. Over the same period, the 15-year fixed-mortgage rate slipped to 4.63 percent from 4.69 percent. As for adjustable-mortgage ...[Read More]
How to Get the First-Time Home Buyer Tax Credit Here's what you have to do to get your benefit: Close on your home purchase by November 30, 2009, Ensure that you are a qualified first-time buyer under IRS guidelines, Decide which year to file under, ...[Read More]
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