The stories keep piling up. In many once-sizzling markets around the country, accounts of dropping list prices have replaced tales of waiting lists for unbuilt condos and bidding wars over humdrum three-bedroom colonials.
After five years of sizzling growth, U.S. home price appreciation is showing signs of cooling.
The first time home buyer
In his first public comments as a private citizen since leaving the Federal Reserve in January, former chairman Alan Greenspan said Thursday that the housing “boom is over” but did not share his views on hot issues such as inflation, interest rates or Fed policy.
Buy when times are hard. Buy when blood is running in the streets. Buy after a flood, blizzard, riot. During such times, insurance firms and banks have properties they don’t want. Owners are also desperate, as they suffer the anxieties of having to feed a white elephant.
What’s the first image that comes to mind when you hear the term — motivated seller?
You don’t need to be in the market to buy or sell a home to be affected by the cooling housing market.
Real estate gains came to an abrupt halt in the first quarter of 2006, with the median price of a U.S. home falling 3.3 percent from the fourth quarter of 2005, according to a report released Monday morning.
Some people are just plain lousy at saving money.
Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.