After a few years of depressing information out of the U.S. housing market, this month’s data continues to be mixed. Is recovery truly in the works? Here’s what the numbers say:
Foreclosures
According to numbers from real estate data firm RealtyTrac, foreclosures in January were down, the second consecutive monthly drop. The national foreclosure rate fell to one in every 409 ...
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Real Estate,
Mortgages,
Interest Rates,
FHA,
Recession,
Buying a Home,
Foreclosure,
Financing,
Investment Properties,
Short Sales,
Buyers Market
Buying a Home -- What’s Deductible?
Realtors are quick to point out that home ownership allows a lot of tax advantages not available to someone who merely pays rent. A homeowner can deduct points used to obtain a mortgage when buying a home, mortgage interest paid during the year, and property taxes.
Those are the basics.
There are rules and guidelines to these deductions, however. Even though ...
It all started in the 1930s when the government began insuring home mortgages. This was a big deal because it meant that homes could be purchased with little down and with loans that lasted more than five years — the norm at the time.
Since the program began in 1934 the government has insured more than 37 million mortgages under Federal Housing Administration (FHA). Today you can get 30-year ...
Buyers defy expectations with an increase in sales contracts signed during March.
NEW YORK (CNNMoney.com) -- Is the housing meltdown ending?
By Les Christie, CNNMoney.com staff writer Last Updated: May 4, 2009: 1:59 PM ET
Pending home sales rose in March for the second consecutive month and are up year over year. The Pending Home Sales Index from the National Association of Realtors showed a 3.2% ...
Federal Housing Administration lending is soaring - with good reason. These mortgages are affordable, flexible and available.
NEW YORK (CNNMoney.com) -- Mortgages insured by the Federal Housing Administration can be a lifeline for low-income or high-risk borrowers. These loans have tiny down-payment requirements, competitive rates and easy credit-score hurdles.
In fact, terms are so attractive that ...