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The Spring Housing Market Outlook
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy
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Outlook for Spring
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy
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The Housing Watch List for 2009
T here are a few trends /issues to which we think you should pay particular attention this year. Builders require extra due diligence. In November, homebuilders started the fewest number of new homes since 1959. That’s tough for builders, but good
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2009 Housing Market Preview
W i ll 2009 be the year that we finally see an end to the slide in home prices and the start of a rebound? Some market watchers think so. Of course, recent spells of optimism about the housing market have proven premature and that could be the case again.
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How to Make a Project Go Smoothly
E very remodeling project is going to have some challenges along the way. Here are some suggestions to help you minimize them. Figure out what you really want. You and your spouse/partner should discuss and determine your objectives before going on to
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How to Select the Right Contractor
The selection of a contractor is the most important step in assuring that your remodeling project doesn’t turn into a nightmare. Recommendations of your architect or friends and family can be a good place to start your contractor search. Several
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Cost-to-Value is Not the Whole Story
T here are plenty of articles on home improvement that focus on showing which projects can be expected to yield the best return when the time comes for a sale. Remodeling magazine, in conjunction with the National Association of Realtors, conducts an
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Home Renovation and Remodeling
T here are a number of reasons for undertaking a renovation or remodeling project . Some are taken on by choice, others out of necessity. Whatever the motivation, now may be one of the best times in years to launch a project. That's because mortgage
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Housing and Economic Recovery Act
T he recently enacted Housing and Economic Recovery Act will do a number of positive things for the housing market (and a couple that are not so positive). One of the most significant is the $7,500 (maximum) homebuyer tax credit, which we discuss in detail
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The 2008 Ral Estate Investment Report
R eal estate investment? Isn’t that an oxymoron, or at least a contradiction in terms? It may seem so in the context of the current housing market’s price and sales weakness, especially in those hard hit areas of the country where this is
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GUIDELINE FOR CASH-OUT FINANCING
M any homeowners would benefit from a cash-out refinance in advance of retirement, but they will find guidelines stricter than in the past. Warning: the guidelines keep changing and any loan-to-value (LTV) greater than 80% requires mortgage insurance
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REVERSE MORTGAGE USE IS GROWING
T he slow housing market is affecting a lot of people, including older homeowners who are having no trouble meeting their mortgage payments, don’t plan to sell and may not even have a mortgage payment! Those affected are homeowners who could have
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THE HOMEOWNERS EXCLUSION REVIEWED
H omeowners who sell their residence, as many retirees will, can take advantage of a provision that allows them to exclude some or all of the appreciation from federal (and many states’) income taxation . Following is a brief overview of the homeowners
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YOUR HOME & RETIREMENT
M any baby boomers are nervous. Just as they are getting ready for retirement, they have seen their home values and equity eroded by a weak housing market. The first baby boomers turn 62 this year, but some have already retired, are working just part
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Opportunities for Buyers and Sellers
F oreclosures are way too high, but in at least some cases they should be avoidable. There are options for homeowners in advance of foreclosure and those who are behind on their mortgage payments need to understand them. Working out a loan modification
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