The ways one can go green without breaking the bank are limited.
Category: RE News
Supply of Foreclosed Homes
Last year not as many foreclosed homes were part of the banks inventories due to the extraneous process of loan modification that was keeping homeowners in their homes longer.
Update: Trump vs. Icahn
Carl Icahn has once again proved his business savvy structure.
Tax Relief: debt-forgiveness exemption
While lenders are working to write off debt, the IRS has introduced a tax relief that many will be able to apply to their own taxes. This exemption will not be around for long. The set expiration is at the end of 2012.
Toll Brothers, The Nation’s Leading Builder of Luxury Homes
Toll Brothers got their money’s worth and more.
More Pressure on Four Major U.S. Banks
Chief executives of Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. received a letter from Rep. Barney Frank, chairman of the House Financial Services Committee. This letter was requesting more action from these lenders be done to assist homeowners in who owed way more on their mortgages […]
Most Expensive Real Estate Sale of the Year
Tom Hanks along with his wife Rita Wilson has started off the year with the most expensive home purchase…
Trump vs. Icahn
Carl Ichan, one of the investor giants is on a new venture. He has set his mind to seize yet another well known company, a few actually…
Update: Existing Home Sales
• Sales fall 7.2% last month for existing home sales, still considered higher than a year ago o January: 5.05 million units sold (4.53 million units, January, 2009) o December: 5.44 million units sold • 11.2% decrease in newly built home sales • Deals that closed in January were contracts that were signed in November […]
Interest Rates, Housing Market and The Economy
We have been on a crazy ride with the housing market, fluctuating interest rates and the economy. S&P/ Case-Shiller • Home price index has dropped 2.5% compared with last year’s index • End of 2008, home prices had fallen 18.2%, compared to 2007 • Increase of 0.3% in home prices in December and November • […]