Dec 1st 2011 8:00AM
By Stephen Fishman There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there's a good chance they won't be extended. If you want to take advantage of them, you need to act before Jan. 1, 2012. Mortgage Insurance Premium Deduction If you itemize... Continue Reading »
Nov 3rd 2010 5:29PM
It will take more than three years to sell all the properties having loans that are seriously delinquent, in foreclosure or under REO, says a recent report. This shadow inventory, coupled with a lethargic buying crowd is affecting sellers -- from owners of low-end homes to luxury mansions -- who can't move their... Continue Reading »
Oct 1st 2010 12:01PM
People stuck with homes filled with faulty Chinese drywall have gotten little help from insurers, builders, lenders or Chinese manufacturers. Now the Internal Revenue Service is stepping in to offer some financial relief. A new procedure will allow you to treat damages from corrosive drywall and write them off as a... Continue Reading »
Jul 30th 2010 10:35AM
With the news that first-time jobless claims fell more than expected last week, economists were once again trying to determine whether this will lead to growth in the economy -- and the housing market -- in coming months. The Labor Department reported Thursday that the number of workers filing new claims for unemployment... Continue Reading »
Jun 30th 2010 1:19PM
Last week's news that sales of new homes dropped precipitously in May, combined with earnings statements that same week, propelled CEOs at top building firms to talk about what they see happening in the housing market as we head into the second half of 2010. Their words were surprisingly optimistic. New-home... Continue Reading »
