U.S. Housing Starts in August Topped Forecasts - 09/24/10 09:15 AM
U.S. Housing Starts in August Topped Forecasts
Housing starts in the United States increased more than expected in August to their highest level in four months and permits for residential construction also rose, government data showed on Tuesday, suggesting that the embattled market was starting to stabilize following the end of a tax credit. The Commerce Department said housing starts rose 10.5 percent, the largest increase since November, to a seasonally adjusted annual rate of 598,000 units. July's residential construction was revised down to show a 0.4 percent gain, which was previously reported as a 1.7 percent increase. New building permits … (1 comments)

Raleigh-Cary Named Top City for Appreciation - 09/16/10 10:44 AM


Raleigh-Cary Named Top City for Appreciation
Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a mix of jobs weighted toward growth industries. These are the top markets, the research company concludes: 1. Raleigh-Cary, N.C. 2. McAllen-Edinburg-Mission, Texas 3. Austin-Round Rock, Texas 4. Nashville-Davidson-Murfreesboro-Franklin, Tenn. 5. San Antonio, Texas 6. Colorado Springs, Colo. 7. Albuquerque, N.M. 8. Denver-Aurora-Broomfield, Colo. 9. Springfield, Mo. 10. Indianapolis-Carmel, Ind. Source: NAR
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Homebuyer tax credit: 950,000 must repay - 09/10/10 09:59 AM
Homebuyer tax credit: 950,000 must repay
By Les Christie, staff writer; September 9, 2010: 2:40 PM ET
NEW YORK (CNNMoney.com) -- Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.
According to a report from the Inspector General for Tax Administration, released to the public Thursday, about 950,000 of the nearly 1.8 million Americans who claimed the tax credit on their 2009 tax returns will have to return the money.
The confusion comes because homebuyers were eligible for two different credits, depending on when their homes … (7 comments)

Economy's Looking Up for Now as Double-Dip Fears Ease - 09/09/10 07:58 AM


Economy's Looking Up for Now as Double-Dip Fears Ease
A steady flow of not-entirely-terrible economic news has eased worries of a renewed recession and shifted the political spotlight from the Federal Reserve to the White House. "The August data we've been getting has been encouraging. ... It's very likely that the economy continues to move forward in the coming months," said economist Bruce Kasman of J.P. Morgan. The economic news increasingly has a bipolar cast to it. One day, a downward revision to the second-quarter growth rate makes a double-dip recession look like a real threat. The next, a … (3 comments)

FHA Gives Home Buyers One-Month Window - 09/01/10 09:27 AM
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Grayson Hodge

Raleigh, NC

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RE/MAX Preferred Associates

Address: 7101 Creedmoor Road, Suite 115, Raleigh, NC, 27613

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