When Congress approved the $862 billion stimulus package last year, a key element was a discount on taxes for homebuyers, a move meant to shore up the crumbling housing market.
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When Congress approved the $862 billion stimulus package last year, a key element was a discount on taxes for homebuyers, a move meant to shore up the crumbling housing market.
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April 26 (Bloomberg) — Michael Chapman, the owner of a building company with 20 employees in Santa Fe, New Mexico, has had trouble getting a bank loan and this month he let Kansas City Federal Reserve Bank President Thomas Hoenig know it.
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The psychology of the metropolitan Phoenix housing market is at a crossroads. Decades ago, the market was a mix of long-term and short-term buyers: People who saw a house as their home, and people who saw a house as a box of equity to cash in at the first good opportunity.
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How speculation came to dominate the market and what the prospects for Arizona are going forward.
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Q: I own a single-family house with a $153,000 mortgage at 3.125 percent adjustable rate interest-only. The payment is $400 month. I recently tried to refiance into a fixed rate at 4.6 percent but was rejected for lack of sufficient income. At 56, I am semi-retired and have a $1.2 million portfolio, though it is mostly in growth stocks and doesn’t generate much income yet. I estimate my annual …
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The days when a merchant or machine shop owner visited his friendly local banker to secure a loan may soon go the way of full-service filling stations and doctors who make house calls.
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CHICAGO - You’re finally ready to sell your house. But so are your neighbor and the couple down the street. This means you have to work harder at it than just a few years ago when putting a “For Sale” sign on your lawn might have been enough.
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CHICAGO - You’re finally ready to sell your house. But so are your neighbor and the couple down the street.
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Your credit score will play a major role once you are ready to find financing. Buyers of Miami homes for sale often prefer to settle this factor early on, before they start searching for the home. This is indeed an excellent way of preparing yourself for the process.
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Orange County prosecutors have begun examining the law behind an unusual Southern California scheme in which an Anaheim businessman deeds vacant homes to himself and then installs renters. The District Attorney’s fraud unit is working with Orange…
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