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An Extension For Closing?

Apparently the $8000 tax credit for home purchases was a success. In fact, it was so successful that right now it is estimated that as many as 180,000 of these people are in danger of not being able to close on time in order...

More Time For Home Buyers

Just in the nick of time, homebuyers who are eligible for the $8000 tax credit were given a 3 month extension to close the deal. They now have until September 30, 2010 in order to close to take advantage of the...

No End In Sight To The Housing Meltdown

The Rich are walking away from their mortgages in record numbers. More than 1 in 7 homeowners with a mortgage of over $1,000,000.00 are seriously delinquent, while the numbers of delinquencies on mortgages under $1,000,000.00 is just 1 in 12. 1 in 7? 1 in 12? And...

Financial Reform Now The Law of the Land

The financial reform legislation, known as the Dodd-Frank Act, named after the two key sponsors of the law in the House and Senate, Christopher Dodd and Barney Frank, has passed the Senate and is awaiting the President?s signature early this week. Aimed to prevent the...

Need A Big House? Price Cuts On Mega-McMansions

Need a big house, a really, really big house? Apparently inventory for the biggest of the big houses is at an all-time high. Right now there are 6610 listings of homes over 10,000 sf for sale on Realtor.com. And the prices are coming down. What used to be...

And Lower And Lower And Lower They Go

Mortgage rates that is?last week it was reported that mortgage rates fell to an all-time low of 4.54%. 15 year rates are also at a record low of 4%. But it doesn?t appear that the housing market is rebounding as of yet. The problems seem...

Bringing Back The Past With Lay-away Plans

Back in the day, shoppers used to use special plans at the stores in order to purchase things like back-to-school items and Christmas presents. It was called a ?lay-a-way? system or a ?Christmas Club? program. The merchandise would remain at the store...

Economic Tweets Worth Mentioning

Funny and insightful tweets about the economy, credit cards and more. Enjoy! From Sherrill3773, SybilBillings, Maryjo8019 and many, many more?. ? Blaming Obama for the economy is like blaming your hangover on the guy making breakfast. From FoxTrot1984 ? New FN poll shows majority of Americans think Obama should...