Joseph & Cheryl Melendez's (melendezteam) Blog

  Wall StreetWhatever has led the executives on Wall Street to believe they can take taxpayer's bail out dollars and not be accountable for how they spend it? Nobody should expect to spend like a drunken sailor with one hand while dipping the other into public coffers. But that is exactly what th...

Here Comes The "New" Stimulus Package  The Senate is now debating on the amendments to the President's stimulus package that Con­gress has already passed.  Senators are pushing to add government incentives to help the hous­ing market.  These incentives could include larger tax credits for people ...

Goodbye to McMansions and, hello to the Mini Mac, as Americans turn to 'right-sized' homes. Recent research suggests that homes being built today are getting smaller. According to the U.S. Census Bureau, the average size of homes started in the 3Q08 was 2,438 square feet, down from 2,629 square ...

  On a Fed NoteSpeaking to the Massachusetts Mortgage Bankers Association recently, Boston Federal Reserve President Eric Rosengren acknowledged that the economy is in a deeper recession than previously thought. He said that there are signs that conditions will improve in the second half of 2009....