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New Years Resolutions for Home Renovations That Can Save Money

By Ken Torrino Every year, when January rolls around, we make a resolution regarding our diet or spending to live out a better year.  So often we let the needs of our home slip through our mind, but a home could use some New Year’s resolutions too! In 2013, home renovation is focused on improving […]

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“Keep the Momentum Going”

NAR President Charles McMillan said Congress needs to keep the momentum going. “Even with a good recovery taking place, the market is not yet back to normal. With a gradual absorption of inventory, we are on the cusp of a general stabilization in home prices,” he said. “To ensure that housing has a broad stimulus […]

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Small Homes Are In, but Big Homes not Gone

McMansions have fallen out of favor, according to a new study by the American Institute of Architects. The survey of 500 architects showed that only 4 percent thought their clients wanted more space in their new homes, compared to 16 percent in 2008. Home builders have already taken that information to heart with 59 percent […]

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Tax Credit Can Be Used for Down Payment

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn’t receive the funds until after they filed their tax return, and […]

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Barack Obama Takes Oath of Office

Barack Obama on Tuesday became the 44th president of the United States. Following a swearing-in ceremony witnessed by hundreds of thousands of onlookers in Washington, D.C., and millions more who watched on television, the new president acknowledged there there will be challenges ahead, but that he will seek to confront those issues without partisanship or […]

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Home Buyer Tax Credit: How It Works

First-time homebuyers in 2008 can take an income-tax credit on their purchase, thanks to passage in Congress earlier this year of the first-time home buyer tax credit. The definition of first-time homebuyer is generous. To get the credit, the homebuyer cannot have owned a home in the previous three years. The home must be a […]

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Employer-Assisted Housing Can Be the Answer

Rising home prices, increased housing costs, and today’s tightened mortgage market have put homeownership out of reach for many working families. In fact, nearly 40 percent of Americans believe there is a shortage of available affordable housing, according to a recent survey by the NATIONAL ASSOCIATION OF REALTORS®. The survey also found eight out of […]

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