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Uncategorized Feds Announce New Housing Plan to Reduce Number of Foreclosures In many ways, this plan will help many struggling homeowners. This plan would allow your loan investor or servicer to negotiate with you to reduce your loan payment to 31% of your total monthly income. This 31% includes principal, interest, property taxes and insurance. They can negotiate your interest down to 2% even if you’re […]
Uncategorized The $8,000 First Time Buyer Tax Credit You’ve Heard All About And now here it is! This is the link that will tell you who is eligible. This credit does not have to be paid back and you have until 12/31/09 to purchase a house to become eligible for the credit! http://www.federalhousingtaxcredit.com/2009/glance.php Per the Federal Housing Tax Credit web site! And the Newest Link to this […]
Uncategorized Ways to Live Green You’ve probably all read this….heard this…..seen this on TV. Ways to live green….At our house we have a programmable thermostat and use it, recycle faithfully, are starting to compost this year, will grow our own garden, are judicious in our use of our vehicles, turn our lights off (everyone of us is good at this […]
Uncategorized MSN Announces Great Time To Buy There are lots of articles available for your viewing pleasure lately. Let’s face it, the media does just so love to sensationalize the vast majority of information floating around out there. I’ve chosen to pick and choose what I post here. The market is what it is and will turn around. This also happened to […]
Uncategorized NW Report News Says 2009 Year of Our Stabilization Who can predict the future? Not I. But I do agree that it seems as though this is the year we will stabilize our housing prices. I’ve read three articles this past week-1 from Standard and Poor (previously reported), 1 from Moody Report, and this NW Reporter Article I’m attaching that seem to indicate that […]
Uncategorized Standard and Poor Report Neutral Close to the Bottom Housing Market in 2009 This is an interesting article on msn.com about predictions for the housing market situation in 2009. It indicates projections that would mean we’ll be “bumping along the bottom” in the next 6 – 9 months (consistent, I must say, with my earlier thoughts) with better news in 2010. Here’s the link, see what you think! […]
Uncategorized Interesting Economic Blog This is an interesting blog for you to read. Please review it and tell me what you think. The author has been highly touted as an expert in the economy and includes a variety of topics regarding the economy, including the national housing picture. http://globaleconomicanalysis.blogspot.com/2009/01/obama-announces-new-rules-to-address.html
Uncategorized TAX CREDIT FOR FIRST TIME BUYERS The Government created a tax credit of $7500 for first time Buyers. This Tax credit expires in 6/30/09 unless extended. The fabulous rationale for said credit is that first time buyers will be more motivated to become eligible for this to buy a home. And there couldn’t be a better time. IN the next 9 […]
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Uncategorized Washington Association of Realtors Assists in Excise Tax Issue Normally, you would not see a post from me regarding Association of Realtors’ actions with the legislature, however this one particular action and several others that they are taking will only benefit homeowners. We are seeing many home owners in positions where they must move, have personal problems, and cannot sell their homes for what […]
Uncategorized Housing & Market Stability Expected in 2009-So Says Top Federal Reserve Official! Despite some reports to the contrary, this article discusses the viewpoint expressed by one of the top and leading economic members of of the Federal Reserve Board. It discusses the discouraging news from 2008 but suggests that there are many signs that housing & the overall economy will get back on track in the latter […]
Uncategorized Industry New-More on Interest Rates The following article came out last week and will have a continued impact, per the article, on keeping interest rates down in the near future. Review and tell me what you think! http://www.marketwatch.com/news/story/Fed-says-start-buying-mortgage/story.aspx?guid=%7BE5545C3D%2D387B%2D4891%2D8226%2D3FB7A8CAC28C%7D&dist;=hplatest
Uncategorized Merry Christmas, Happy New Year & Snow, Snow, Snow! My apologies for not posting this past 2 weeks. We have had snow where I live for the past 2 weeks….and I would say up to 2 feet! 2 ‘ icicles hanging from our roof. We live just E of Highway 9 by about 2/3 of a mile and cannot believe the difference in snow […]
Uncategorized National Association of Realtors is providing input to the next Stimulus Package We,as Americans, have realized that a big cornerstone to our economy is the housing market. Congress & the Bush Administration have acted to provide aid to corporations but have just recently started taking steps to help the housing situation (see previous blogs). The National Association of Realtors has developed a four step plan that can […]
Uncategorized Mortgage Rates May Drop Further! It has certainly been an interesting year! Well, a year an a half! Check out this article regarding speculation for interest rates. Tell me what you think! I’m always checking out real estate articles that are pertinent to today’s situation and if you find one, do let me know!http://www.msnbc.msn.com/id/28165488/
Uncategorized Help May Be on The Way for Struggling Homeowners Just Like Santa Clause! And here we have the Fed’s Ben Bernanke recommending specific solutions to the foreclosure problem to help AVOID foreclosures. Read this article and please feel free to comment! http://www.msnbc.msn.com/id/28053280/
Uncategorized Feds are Concerning Lowering Interest Rates to 4.5% This is a very interesting article in MSN.com 12/3/08. Check it out! http://www.msnbc.msn.com/id/28045659/ This could definitely make a difference in the housing market, although additional work needs to be done on the foreclosure situation. Read this article and see what you think! Hang in there!
Uncategorized Back to Rates Dropping! Okay, back again with today’s news. The following link will take you to a Market Watch Report which seems to indicate that rates may remain lower. Check it out and become informed!… http://www.marketwatch.com/news/story/Mortgage-rates-likely-stay-low/story.aspx?guid=%7BE1AA4E98%2D1952%2D44E3%2DBBAA%2DE279EB80088C%7D&dist;=hplatest
Uncategorized Newest Article About Interest Rate Dive and Why! This news article by Market Watch gives better detail and a better description of the move today to restore liquidity to the credit markets. This move is, in my opinion, the best move so far to help “Joe Main Street”. Check it out…http://www.marketwatch.com/news/story/Fed-bolster-consumer-lending-tune/story.aspx?guid=%7BC3B72C58%2D6CB5%2D4DB1%2DB986%2D8A65E005FDE4%7D
Uncategorized Interest Rates Took a Dive Today-Good News Treasury Secretary Paulson announted an $800,000,000 ($800 Billion) credit package today that caused investors to finally loosen their grip on higher interest rates. In my 19 years of experience and knowledge (that I’m increasing daily)…….the current financial situation & bond market should have seen our long term Mortgage interest rates down closer to 5% (for […]
Uncategorized Maintain Curb Appeal Through Winter Months If you have your home on the market right now, you know that one of the toughest challenges, in addition to the challenging market, is to maintain your home’s curb appeal. This article is in the NW Real Estate News…author Tara Darby and gives you some good ideas! http://nwrealestatenews.com/2008/11/24/maintaining-curb-appeal-through-winter/