Jerry Bice II
By Andrew Jeffery Jan 24, 2011 3:15 pm
Analysis of three separate data time series: National Median Home Price, Dow Jones Industrial Average, and Consumer Price Index (a measure of inflation). Continue reading “If You Fear Inflation, Should You Buy Real Estate?”
| Business and Finance -Â San Diego Business |
| BYÂ SDNR STAFF |
| MONDAY, 10 JANUARY 2011 12:39 |
| SAN DIEGO (CNS) – The number of houses and condominiums sold in San Diego County in 2010 was lower than in 2009, but the median sales price increased, according to figures released today by the San Diego Association of Realtors. Continue reading “Median sales price of SD homes increased in 2010” |
The Massachusetts Supreme Court, in a case against Wells Fargo and US Bancorp, ruled against both banks regarding two 2009 foreclosure sales. It was stated that the sales were invalid due to failure to supply proper proof of ownership by the bank at the time of the sale.
Continue reading “Court Rules: Mortgage Foreclosures Cancelled”
Gov. Arnold Schwarzenegger has signed a new bill providing up to $10,000 in tax credits for both new-home buyers and for first-time buyers of existing homes.
An earlier round of state tax credits offered last year were for new-home purchases only. That program was so popular that homebuyers depleted the full $100 million eight months before the deadline. Continue reading “Gov. signs new homebuyer tax credit”
On Monday, the legislature passed AB 183 (Caballero & Ashburn) which would provide $200 million for homebuyer tax credits. The Governor is expected to sign AB 183 into law before the end of the week. C.A.R. supported this important legislation. Continue reading “Governor Expected to Sign Homebuyer Tax Credit”
Daily Real Estate News  | February 23, 2010
Foreclosure Bargains Getting Harder to Find
Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking.
The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November 2008, reports Barclays Capital.
Continue reading “Foreclosure Bargains Getting Harder to Find”
Daily Real Estate News  | February 25, 2010
Top 10 Cities with Climbing Home Prices
Home prices aren’t tanking everywhere. In some cities they have bounced pretty high off the bottom, according to a report in Forbes magazine.
Altos Research examined data for every U.S. city with at least 100 homes on the market – about 8,000 cities. It identified these 10 cities as having the biggest price increases from the previous year.
Continue reading “Top 10 Cities with Climbing Home Prices”
Daily Real Estate News  | February 26, 2010
Should Buyers Try to Beat the Tax Credit?
Some potential home buyers say they’re holding out until the tax credits expire on the theory that prices will decline once the buying incentive is gone.
One person who commented on the dilemma on Zillow.com wrote: “I’ve seen prices in my neighborhood jump up over $30k since the credit started.â€
Continue reading “Should Buyers Try to Beat the Tax Credit?”
Daily Real Estate News  | February 22, 2010
IRS Clarifies What’s Needed to Claim Tax Credit
The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit.
While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the seller to sign the document isn’t common.
Continue reading “IRS Clarifies What’s Needed to Claim Tax Credit”