Housing Bill Offers Breaks for Taxpayers The federal housing and foreclosure relief legislation just signed into law by President Bush contains a little-noticed—but potentially far-reaching—change in real-estate tax policy. It permits millions of homeowners who don’t itemize on their federal tax filings to claim a deduction for at least part of their local […]
Home Prices Rise Four Straight Months – Is Anyone Listening?
Home Prices Rise Four Straight Months – Is Anyone Listening? Amidst the gloom on Wall Street about housing someone forgot to check the stats. The National Association of Realtors® has now reported four straight months of rising housing prices, but it seems no one is listening. According to NAR statistics, the median home […]
Mortgage Points: Why Pay For Them?
Mortgage Points: Why Pay For Them? If you are in the market for a home or considering refinancing your current mortgage, you probably have heard your mortgage professional talking about points. They may advise you to buy points or they may advise you not to, depending on your situation. The question is, do you […]
Reappraising Appraisers
Reappraising Appraisers While our nation’s real estate downturn is still unfolding, there’s been lots of talk about how to prevent a repeat in the future. Part of the fix to the problem involves better regulation of appraisers. Money Editor Stacy Johnson looks at some of the changes that are in the works. Video […]
Fears Grow Over Mortgage Giants
Fears Grow Over Mortgage Giants Stocks of Fannie Mae and Freddie Mac are being hammered as the housing slump spreads, but the Bush administration says it’s not planning a federal takeover of the mortgage giants. Here’s the latest on the growing fears of Fannie and Freddic from AP reporter, Mark Smith…. (Video runs […]
Sale / Rent Back Schemes: Not Always What They Seem
Sale / Rent Back Schemes: Not Always What They Seem As the slumping economy and ensuing credit crunch takes hold, and more and more people are struggling with their mortgage repayments, a number of companies are springing-up who offer a "sell / rentback" scheme. This type of proposal involves the homeowner having their house […]
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