Archive for the 'Home' Category

U.S. homebuyers pay closer to listing price in August 2009, but are still negotiating thousands in discounts

Florida Buyers Negotiating Deepest Discounts from Asking Price, According to August Zillow(R) Real Estate Market Reports * Buyers pay 3% less than listing price in August, down from 3.3% in July and 4.5% in January * 24.7% of all unsold homes had at least one price reduction as of Oct. 1 * Vero Beach buyers [...]

Taking advantage of the stimulus tax credit before it expires

If you hope to take advantage of the $8,000 federal tax credit for first time home buyers, you need to close on your new home by Nov. 30, 2009. We at the Santa Clara County Association of REALTORS advise planning ahead to avoid the disappointment of disqualification. “The nationwide popularity of this stimulus tax credit [...]

Homebuyers will find bargains at auction of nearly 120 foreclosed homes throughout Northeast

Homes Will Be Auctioned in New York City/Newark Area, Cherry Hill, Manchester, Trenton and Hartford September 9th-12th Sinking home prices have buyers rushing to foreclosure auctions to scoop up the best deals on the block. Saddled with large volumes of foreclosures, banks are aggressively discounting their real estate owned (REO) property at auction to quickly [...]

Post-recession incomes will be hit hard by health care spending for middle class working families, PENN analysis shows

In a post-recession America, even though as a nation income levels may rise, middle class families still won’t be shielded from the crushing burden of health care costs and will watch their standards of living continue to erode, according to a study published this week in the New England Journal of Medicine (NEJM) by Daniel [...]