Shameca's Homes & Wealth Blog

The American Recovery and Reinvestment Act of 2009 was signed into law Tuesday in Denver, Colorado.  Also Tuesday, stock markets fell near their November 2008 lows. The two moves are related. With each new stimulus; with each potential jumpstart of the economy, Wall Street questions whether the f...

  With Congress reaching agreement on a $789 billion stimulus package for Americans and the President expected to sign it into law, the clock may be ticking for this year's home buyers and homeowners. The package contains two benefits related to housing. The first provision is fairly well-known. ...

His speech was much anticipated, but it was what Treasury Secretary Tim Geithner didn't say Tuesday that caused mortgage markets to improve.  Mostly it was because of "safe-haven" buying. Safe-haven buying is when investors move cash to the safest investments possible for fear of losing their mon...

Friday, Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties.  The restriction reversal does come with new minimum requirements, however.  Hom...

Employment figures released this morning show that the economy has now shed 3.6 million jobs since December 2007, included close to half that in the last 3 months alone.  The Unemployment Rate is now 7.6%. But jobs aren't fading in every housing market equally. As reported by Ajilon Professional...

  Comparing July's conforming mortgage rates to today's average rates, there's a 1.5 percent difference in favor of homeowners.  Rate drops like that make big differences in a household budget.  Look at these before-and-after payments, based on rates from the chart: $150,000 mortgage ($144 saving...

  A real estate trade group reported Tuesday that Pending Home Sales ticked higher in December 2008.  A "pending home sale" is a home under contract to sell, but not yet closed. The group positions Pending Home Sales report as a predictor of future activity, suggesting that home sales will spike ...

This year my mission is to provide home to people doing the hard times.  I have dedicated my blog http://2boycotttherecession.com to giving hints and tips on how to save money and not participate in the recession.  Keeping dollars circulating and out of our matresses is key.Recently at each Inman...

I am certain you have heard the expression the grass is greener on the other side. Although it would often seem that way I believe the grass is always greener where you water it. Are you watering your grass? Do you want a new job? Have you first fully watered your current position? Is your family...

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today.  It remains within a target range of 0.000-0.250 percent. In its press release, the FOMC reiterated most of the key points from its December 2008 statement, including: The U.S. employment outlook continues to de...