Today, Standard & Poor’s released an update of the Case-Shiller home price index, finding house prices increased 4.4 percent in the second quarter after declining 2.8 percent in the first. Nationally, home prices are up 3.6 percent year-on-year, about the level they were in the fall of 2003. Most More…
This week, the National Association of Realtors announced that home sales in July slumped 27 percent to a 15-year low. The annual pace of sales for existing homes fell to 3.83 million, the lowest rate since May 1995. The housing group also revised sales for June lower. The severe More…
The Obama administration homebuyer tax credit program granted $9.1 million to 1,295 prisoners who were incarcerated when they said they purchased their home. Many such discrepancies are identified in a report by the Treasury Department Inspector General for Tax Administration and Internal Revenue Service today.
“In swiftly making the More…
As lawmakers start to shift their attention to job creation, a Brandeis University study finds that four in 10 families don’t have enough savings or assets on hand to pay for essential expenses during a period of unemployment. The report also notes that the poor economy is hitting minority More…
Are we really going to go through this again? Immediately after the U.S. Department of Housing and Urban Development finished putting the final touches on a controversial plan to allow first-time homebuyers to use an $8,000 tax credit as a downpayment on a new home, some in the Senate More…
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