Archive for April, 2010

Is eight days enough time to buy this house?

Monday, April 26th, 2010

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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Fed May Keep Rates Low as Tight Credit Impedes Small Businesses

Monday, April 26th, 2010

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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Short-term profits vs. long-term ownership

Monday, April 26th, 2010

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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Arizona home values may depend on mindset of buyers

Sunday, April 25th, 2010

How speculation came to dominate the market and what the prospects for Arizona are going forward.

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How hard do you want to work for your home?

Sunday, April 25th, 2010

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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Macomb County lenders struggling

Sunday, April 25th, 2010

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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Preparation key to selling home in down market

Sunday, April 25th, 2010

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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Buy this house

Sunday, April 25th, 2010

CHICAGO - You’re finally ready to sell your house. But so are your neighbor and the couple down the street.

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Check Your Credit Before Buying Miami Homes for Sale

Saturday, April 24th, 2010

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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D.A. to examine vacant home scheme

Saturday, April 24th, 2010

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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