(New York Times) — With the home buyer’s tax credit now expired, here’s one way to still get an equivalent discount of sorts: ask your real estate agent to take it out of his or her commission. That’s what Colm Glass, founder of Glass Real Estate in San Francisco, is offering clients. At a recent open house, Mr. […]
(U.S. News and World Report) — Interest rates have never been lower. It seems that just about every week mortgage rates set a new low. And this week the Fed is expected to undertake a second round of quantitative easing, QE2 for short, by buying up more government debt. As a result, incredibly lowinterest rates may go even […]
(New York Times) — Comparing Other Sales: We certainly compared the house to others that recently sold in the neighborhood. One down the street, in fact, seemed to be exactly the same on paper. It received four bids and went for about $40,000 over the asking price. But the more we learned about the property we […]
(New York Times) — As in any economic downturn, the wave of home foreclosures has attracted voracious opportunists — investors among them who are buying, fixing and then renting the places out. In their wake are aspiring owner-occupants. How hard could it be, they ask, to pick up one of these houses on the cheap […]
(CNNMoney.com) — Suspicions confirmed: Homeowners in the Northeast pay the highest property taxes in the nation. New Jersey residents pay the highest annual tax bill of any state – a median $6,579 per year, according to the Tax Foundation, which calculated the tally using data the U.S. Census Bureau released on Tuesday. Connecticut comes in […]