Some Washington lobbyists are pushing congress to pass another economic stimulus bill, larger than the $150 billion plan passed earlier this year. They want more focus on the real estate market. The National Association of Realtors wants to give a tax credit to all home purchasers nationwide, not just first time homebuyers. […]
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The recession word is rearing its ugly head once again, and this time, many heavy hitter economists are suggesting we could see the economy contracting for months to come.
Lawrence Yun, head economist for the National Association of Realtors, stated in his last forecast that, “The US has entered a recession and will contract for the […]
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According to a home report by the FBI, this year, one out of every six homes will be burglarized and thieves only need 60 seconds to break into a home. In fact, a home is targeted every 15.4 seconds. Burglary is defined as a non confrontational property crime that occurs when no one […]
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If you’re planning to buy investment property and financing it through a lender who sells to Fannie Mae, keep the date December First in mind. Nail down your mortgage commitments quickly — in the next six weeks if you can.
This is because a traditional source of financing, Fannie Mae, will add more fees for investment […]
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Who else is losing hair or going grey from the roller coaster ride we’re on with the equity markets right now. The last week including today have been an up/down topsy turvy ride. It all started last week when the house initially voted down the proposed $700 Billion bailout. Leaders in the […]
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