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News
What the health care ruling means to you
CNN - The Supreme Court's decision Thursday to uphold the Affordable Care Act means that the predictions about how it will affect all Americans remain in place.
IRS Struggles o keep up amid surge in tax fraud
CNN Money The IRS identified roughly two million tax returns that were potentially fraudulent last year, a sharp increase that has the agency struggling to keep up.
Market News
Pending home sales index rises in May, up 13.3% from 2011
USA Today - The increase suggests home sales will rise this summer and the modest housing recovery will continue.
Are Banks ‘Hoarding Foreclosures’?
REALTOR Magazine - some housing experts worry that the lift in prices may be temporary due to banks “hoarding foreclosures.” Some real estate professionals allege that the “synthetically pumped prices” are being caused by “banks stockpiling foreclosed properties and purposely keeping...
Thirty-year mortgage rate stays at record low 3.66%
USA Today - The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Cheap mortgages have helped drive a modest housing recovery and could give the broader economy a jolt at a time when...
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Bankers Association - Mortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 22, 2012.
Housing prices rise in most U.S. cities
USA Today - chief economist Jed Kolko said the housing recovery had hit a plateau in recent months, based on existing home sales, foreclosure rates and construction starts. The next signal about the economy is scheduled to come…
Tech News
Google releases Chrome browser for iPhone, iPad
USA Today - Google's popular Chrome Web browser is coming to Apple's mobile devices. Chrome on Apple's iOS mobile operating system (though only iOS 4.3 and higher) allows Chrome fans to use the search browser across all their devices.
Other News
Understanding Green Due Diligence
Law.com - What is it and how does it differ from regular investigation? New York Law Journal What is green due diligence and why would a prospective buyer, tenant, or lender bother with it? As in other areas of the green revolution, the answer...
Tax Rules for Renting Out Your Vacation Home
Wall Street Journal Online - Summer is here, and so is this year's crop of summer rentals. In some areas, the market for vacation properties is even perking up after a string of down years. If you are a vacation-home landlord or thinking of becoming one, it is time to review the tax rules on rental income from second homes.
Renters are Willing to Make Sacrifices for Homeownership: Century 21 Survey
RIS Media - U.S. adults who are currently renting feel more affected by today’s housing market conditions. Of non-homeowners, 82 percent indicated…
California foreclosure-prevention measure nears final passage
Los Angeles Times - A historic, first-in-the-nation foreclosure-prevention measure is one step away from final passage in the California Legislature. A two-house conference committee Wednesday, on a partisan 4-1 vote, sent identical measures to the floors of...
Lennar Second-Quarter Profit Soars
Wall Street Journal Online - Lennar Corp. reported a sharply higher fiscal-second-quarter profit aided by a tax-related gain and stronger home-building revenue. The Miami-based company also said the U.S. housing market continues
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