Effective July 30, 2009, legislation went into effect that mandates certain "cooling off" periods surrounding home loan applications. Dubbed HERA, or the Housing and Economic Recovery Act of 2008, the law mandates that certain trigger points of the mortgage application offer consumers time to evaluate whether a transaction is best suited for them.
The impact from this legislation is that additional ...
by Kenneth R. HarneyThere was an important piece of economic news last week that has HUGE significance for real estate and housing, but it got minimal coverage on TV and in print. The Conference Board's Index of Leading Economic Indicators, widely acknowledged as the most accurate predictor of future activity and output in the U.S. economy, rose by almost a point in June. That was the third straight ...
Isakson continues push to stimulate housing market
Submitted by the office of Sen. Isakson
June 10, 2009 05:35 pm- WASHINGTON - Drawing on more than three decades of experience in the real estate industry, U.S. Senator Johnny Isakson, R-Ga., today introduced legislation to invigorate housing demand and to boost the economy by expanding the first-time homebuyer tax credit passed by Congress earlier ...
Understanding The Related Costs of Home Buying
According to Will Rogers, property is a great investment because nobody's making any more. That is as true today as it was in the early 1900s when Will Rogers made the statement. Today, however, you'll need to think about more than a mortgage payment to determine if you can afford a home. To assure you are purchasing a home within the confines ...
By Lew Sichelman
WASHINGTON (MarketWatch) -- Question: Is there any possibility that the tax credit for first-time home buyers will be expanded to also include repeat purchasers who already own a house but would like to move up? I understand there has been some movement in Congress along these lines.
Answer: There is not yet any legislation along the lines you suggest, but the Democratic Leadership ...
HUD plans to tweak $8,000 tax credit rules so first-time homebuyers can get instant down-payment assistance.
By Les Christie CNNMoney.com staff writer Last Updated: May 19, 2009: 12:45 PM ET
NEW YORK (CNNMoney.com) -- Home prices are cheap. Affordability is at a record high. And the market is littered with distressed properties looking for a buyer.
But there is one big obstacle for many first-time ...
Albuquerque New Mexico Real Estate www.ColdwellBankerLegacy.com
Bond market: Shaken and stirred
Long-term rates have shot up. The good news: It's a sign of an improving economy. The bad news: Your window to refinance may soon slam shut.
By Paul R. La Monica, CNNMoney.com editor at large Last Updated: May 11, 2009: 1:08 PM ET
NEW YORK (CNNMoney.com) -- Want further proof that risk is no longer a four-letter word? Just take a look at what's going on in the bond ...
Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS ®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82 in February. It is 1.1 percent higher than March 2008 when ...
Jim Gillespie explains why we need to attack the demand side of housing.
