Monthly Archives: January 2010

Sales of existing US homes plunged in…

Sales of existing US homes plunged in December, exposing the fragility of the housing recovery and its dependence on government stimulus. Existing home sales fell 16.7 percent last month, according to a survey released Monday by the National Association of … Continue reading

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FMI’s Construction Outlook

Report highlights include: Commercial construction relies heavily on consumer spending and new housing construction. Consumer spending will not return to high levels until the employment situation improves. Commercial construction is not expected to pick up until 2012. Health care construction … Continue reading

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Apply for government grants for first time home buyers

Almost all of the people find the down payment amount as a bulk money and if they start the work using the government grants for first time home buyers, mechanically all the procedures move smoothly behind it. Luckily , the US … Continue reading

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Loan Approval Time Frame

The government has instituted more compliance measures that originally were meant to help and protect consumers, but it’s not turning out that way. Because of these new initiatives, the loan process now is becoming more confusing for the consumer, and … Continue reading

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The U.S. Government’s NEW Housing Bubble

As readers here have heard regularly, it is absolutely certain that there will be another down-leg for the U.S. housing market, beginning no later than spring of next year. We already know the latest date, since that is when the next … Continue reading

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Move-Down Buyers Can Be Eligible For Tax Credit Too

First of all, the previous home must have been occupied as the buyer’s principal residence for at least five consecutive years out of the past eight years. Two examples: (1) Suppose that during the past eight years you occupied the … Continue reading

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2009 Survey of Home Buyers and Homes Sellers

Lots of Useful Information Contained in 2009 Survey of Home Buyers and Homes Sellers – According to the National Association of Realtors® 2009 Profile of Home Buyers and Sellers, the top five sources of information for buyers were: Internet (90%), … Continue reading

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existing verses new home sales

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Pace of new home sales

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Sales of new single family homes fell 11.3%

Sales of new single family homes fell 11.3% to an annual pace of 355,000 units. This was much lower than consensus estimates of 440,000 annual sales and 45,000 less than the October print of 400,000, which was REVISED FOR THE … Continue reading

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