All Entries in the "Economy" Category
Economic Stimulus for Housing
It is nearly impossible to find an industry that is not struggling right now. Congress has sent a few billion here and a few billion there. Congress also removed one thing that was helping buyers buy houses, down payment assistance, and replaced it with a housing tax credit. The tax credit is nice for first time home buyers, [...]
We Can Still Save Down Payment Assistance
Down Payment Assistance programs were eliminated on October 1, 2008 due to the passage of the housing recovery act this past summer. While there are many positive attribute to this particular piece of legislation, for example the federal housing tax credit for first-time homebuyers, losing DPA is a huge negative. Down Payment Assistance programs have [...]
ULI’s Emerging Trends Report Predicts Commercial Real Estate Market to Hit Bottom in 2009
Real estate industry experts expect financial and real estate markets in the United States to bottom in 2009 and then flounder for much of 2010, with ongoing drops in property values, more foreclosures and delinquencies, and a limping economy that will continue to crimp property cash flows, according to the Emerging Trends in Real Estate® [...]
New Home Sales Rise in September!
Sales of newly built single-family homes turned upward in September, posting a 2.7 percent gain to a seasonally adjusted annual rate of 464,000 units, according to U.S. Commerce Department numbers. The report also indicated that builders are making substantial progress in decreasing the months’ supply of unsold units on the market.
“It’s great to see some [...]
Home Builders Congratulate President-Elect Obama
The National Association of Home Builders (NAHB) recently congratulated Senator Barack Obama on his election as the nation’s 44th President and all the lawmakers who were elected to the 111th Congress.
“The nation’s home builders look forward to working in a bipartisan manner with the incoming Obama Administration and new Congress to help solve our nation’s [...]
