ARCHIVED BLOG POSTS
2011
Foreclosing on a Freddie Mac mortgage takes an average 15 months to complete, according to the company's blog Monday, adding that the secondary market giant pays billion of dollars a year to mortgage servicers to ensure this is the option of last resort. Timelines are even longer at the nation's ...
01/31/2011
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Both the expiration of the homebuyer tax credit in the spring and the robo-signing scandal in the third quarter left their marks on the market in December, according to the Obama administration's most recent housing scorecard. New and existing home sales increased during the month, but still rema...
01/31/2011
The IRS Needs to Know Own a rental property? A new law requires you to issue an IRS 1099 form to the handyman and other vendors. If you're the owner of even a single unit of rental property, starting this year you must start tracking all vendors doing at least $600 worth of work for you. Federal ...
01/31/2011
The massive tax-extension law that President Obama signed at the end of 2010 keeps tax brackets and the capital gains rate at existing levels for two more years and maintains other key real estate provisions such as the 15-year cost recovery period for leasehold improvements, 25 percent depreciat...
01/31/2011
With minority households driving U.S. population growth, the key to maintaining the home ownership rate (66.9 percent according to the latest U.S. Census Bureau date) will be boosting the rate among African Americans, Hispanics, and other non-white households. Fannie Mae's latest Own-Rent analysi...
01/31/2011
Forty percent of home buyers obtain only one mortgage loan quote before choosing which mortgage offer to apply for, and only 28 percent of buyers say they're confident they got the best mortgage deal, poll by Harris Interactive and LendingTree finds. LendingTree says the 1,317 respondents compris...
01/31/2011
Despite concerns about the negative long-term effect of federal stimulus efforts-including the impact they will have on the country's huge budget deficit- the U.S. government continues to take action to spur the economy. However, the most effective solution for promoting growth and getting the ho...
01/31/2011
One thing that's clear from the 2010 NAR-Harris poll: Young adults are just as committed to becoming home owners as their parents and grandparents before them. Of the 798 young adults (ages 18-29) who participated in the poll, about three in four say owning a home provides a healthy, stable envir...
01/31/2011
New sales of single-family homes rose 17.5% in December from a month earlier to the highest level since April when the homebuyer tax credit propped up the market. The Commerce Department said the seasonally adjusted rate of 329,000 units last month was up from a downwardly revised 280,000 for Nov...
01/27/2011
Metro areas with the 10 highest foreclosure rates saw filings decrease in 2010, but for nearly everywhere else activity was on the rise, according to RealtyTrac, which tracked activity in 206 cities across the country. For the year, more than 2.8 million properties in the U.S. received at least o...
01/27/2011
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Bobby LehmKuhl
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