RISMEDIA, November 9, 2009-President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. -First-time homebuyers, who are defined by the law as buyers who have not owned a principal residence during the three-year period pr
...
11/09/2009
Original article here Friday's unemployment report from the Bureau of Labor and Statistics is anything but a green shoot. The official U-3 unemployment number is 10.2%. The broader and more comprehensive official unemployment number, the U-6, is at 17.5%. The U-6 counts all the people that want a
...
11/08/2009
WASHINGTON (MarketWatch) -- The House of Representatives late Saturday night approved a historic bill to remake the U.S. health-care system, delivering President Barack Obama a key procedural victory on his top domestic priority after a lengthy and sometimes emotional day of debate on the nearly
...
11/07/2009
Senate approves homebuyer tax credit extension, expansion Thursday, November 05, 2009 It now goes to the House and based on momentum, will likely go to the President and be signed this week or early next week. Assuming passage all the way through, this will continue to prop up home values. Where
...
11/05/2009
Critical News and Counter-Spin for October 2009 News: 115 Bank Failures in 2009 And Counting... [news from MarketWatch.com] Today was almost a double digit bank failure day and some are predicting triple digit day(s) before it is all over. Today's 9 bank closings bring our 2009 total to 115 bank
...
10/30/2009
All else being equal, population growth will pull us out of the housing despair. And having so few housing permits, will only accelerate that. Now for the bad news... we overbuilt during the bubble years. According to my calculations based on government figures of one net person growth every 11
...
10/28/2009
If you don't follow Inman news, I recommend it. Another good article about how the ripples of foreclosures are spreading out was just posted at: http://www.inman.com/news/2009/10/28/foreclosures-spread-bubble-markets An analysis of foreclosure-related filings at the metro level by data aggregato
...
10/28/2009
In an article at http://www.globaledge.co.uk/news/us-shiller-warns-prices-could-be-bubbl-36169 Robert Shiller, the man who predicted the dot com bubble in his best-selling book Irrational Exuberance has warned that house prices in some areas of the US could be approaching bubble territory. ... an
...
10/28/2009
From the LA Times - http://www.latimes.com/business/la-fi-foreclosures21-2009oct21,0,5605171.story Signs are emerging that a much-feared escalation of California home foreclosures may not happen, as banks respond to government pressure and scale back their repossessions of troubled properties. St
...
10/22/2009
From MercuryNews.com - http://www.mercurynews.com/realestatenews/ci_13568327 WASHINGTON — Lawmakers are trying to extend and expand an $8,000 federal tax credit for first-time homebuyers, a stimulus-package tax break that many regard as a significant prop for the still-tottering economy. ... addi
...
10/22/2009
