Help The Middle ClassNews and Information For The Heart Of America
Tips For First-Time Home Buyers – 2010 (US News and World Report
2010 First-Time Home Buyers’ Guide – US News and World Report.
OBAMANOMICS IN ACTION: Home Buyer Tax Credit Likely To Cost Taxpayers $100K Per Home (Huffington Post/Calculated Risk)
Recent indications that demand for housing is lagging, Calculated Risk writes, are “no surprise and suggests that the extension and expansion of the home buyer tax credit will probably cost taxpayers over $100,000 for each additional home sold.
Just about every economist opposed the tax credit as expensive and ineffective. Here are some quotes from a [...]
MORTGAGE WOES: 67% Of California Home Sellers Could Not Pay Their Mortgages (The Orange County Register)
Most California homesellers — a whopping 67% – who sold their homes last year couldn’t pay their mortgages, a survey by the California Association of Realtors shows.
“For the most part, the bottom line was, ‘I’m being squeezed out of my home because I couldn’t make my mortgage payments,’ ” said Leslie Appleton-Young, the association’s chief economist.
In response to another question on specific [...]
RECESSION NOT OVER YET! – Home Sales Fall To A Record Low In January (CNN)
NEW YORK (CNNMoney.com) — Sales of new homes plunged in January to the lowest level on record, government figures showed Wednesday.
The seasonally adjusted annual rate of new home sales plummeted 11.2% to 309,000 last month, compared with a revised rate of 348,000 in December, the Census Bureau said. That’s a decline 6.1% from January 2009.
It [...]
The 10 Cheapest U.S. Cities To Buy Real Estate (US World News)
10 Cities for Real Estate Steals – US News and World Report.
HOME BUYERS BEWARE: 10 MISTAKES TO AVOID WHEN PURCHASING A HOUSE (US News and World Report
10 Rookie Home Buyer Mistakes to Avoid – US News and World Report.
New Wave Of Foreclosures By The End of 2010 is Predicted (Los Angeles Times)
About 4 million U.S. homeowners are 90 days or more delinquent on their loans or in foreclosure proceedings, Moody’s Economy.com says. A federal loan modification program is helping a relative few.
Reporting from Washington – [...]
Suburban Homeless Is Becoming a Reality For American Families (Huffington Post)
ROOSEVELT, N.Y. — Homelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits – a “perfect storm of foreclosures, unemployment and a shortage of affordable housing,” in one official’s eyes.
“We are seeing many families that never before sought government help,” said Greg Blass, commissioner [...]
The Happiest And HealthIest Cities In The United States (USA Today)
Feeling down? You might consider a move to Boulder, Colo.
A massive new study of Americans’ attitudes concludes that the city at the foot of the Rocky Mountains is home to the happiest, healthiest people in the United States. At the bottom of 162 large and medium-sized cities: Huntington, W.Va.
The Gallup-Healthways Well-Being Index, based on interviews [...]
How To Buy Foreclosed Properties At Auction (Bankrate.com)
Home foreclosure filings declined steadily from August through November 2009, but were still significantly higher than they were a year ago, according to RealtyTrac, a leading online marketplace for foreclosure properties.
Home foreclosure filings For November 2009 — including default notices, scheduled foreclosure auctions and bank repossessions — numbered 306,627, a decrease of nearly 8 percent [...]
