Jun 30

The home buyer tax credit that moved up so many closings in the real estate world has 2 days left. If you do not close by Wednesday at midnight, the home you went to contract on just got between $6,500 and $8,000 more expense.

via The Real Estate Bloggers

Jun 30

At what point do borrowers who owe more than their homes are worth decide to stop paying the mortgage?

A new study from economists at the Federal Reserve Board aims to answer that question.

via bubbleinfo.com.

Jun 30

Bureaucracy is the death of all sound work,” Albert Einstein once said, and sadly, we haven't come very far since his time on this planet.

The latest victims of bureaucratic misfortune are contractors, and ultimately, homeowners, who make improvements in homes or other buildings that may contain lead paint.

via SalemNews.com

Jun 30

.In some neighborhoods and price ranges, sellers are dropping their prices because buyers are harder to find now that the credit has expired.

via RISMedia.

Jun 30

I remind you, sir, that extreme patriotism in the defense of liberty is no vice, and moderation in the pursuit of justice no virtue. - Marcus Tullius Cicero (106-43 BC)

Jun 29

U.S. District Court Judge Rudolph T. Randa has granted summary judgment to a defendant in a lead paint case, holding that imposition of liability would violate substantive due process.

Randa concluded June 15 that imposition of liability under the risk contribution rule established by the Wisconsin Supreme Court in Thomas v. Mallett, 701 N.W.2d 523 (2005), would be arbitrary and irrational.

via Wisconsin Law Journal

Jun 29

After two years of rising vacancies and slumping rents, apartment owners have reason to be cheerier these days.

According to the latest survey of 169 markets across the U.S. by researcher Reis, the national apartment vacancy rate peaked at a record 8% in the fourth quarter of 2009 and remained unchanged in the first quarter of 2010. Asking rents increased by a scant 0.1% in the first quarter, but that was the first gain since the third quarter of 2008.

via nreionline.

Jun 29

With interest rates this low you would think that we would at least be seeing decent, if not record breaking, sales growth And yet as the numbers showed today, the sales are not coming. Look at the chart below. The red line is the all time low which happens to be from the most recent release. Fewer homes were sold in April than in any other time in at least the last 50 years.

viaSeeking Alpha.

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