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Housing News

Housing news continually updated from thousands of sources around the net.

1 hr ago | Gasparilla Gazette

Chulakes-Leetz vows to use fact-finding path to decision-making

When Chris N. Chulakes-Leetz is sworn is Monday as a new Cape Coral councilman, he wants to research every facet of the citya s administration.

Comment?

6 hrs ago | Fortune

Senate extends jobless benefits

After weeks of partisan debate, the Senate voted on Wednesday to lengthen unemployment benefits by up to 20 weeks and to extend the $8,000 homebuyer tax credit.

Comment?

Related Topix: US Politics, US News, US Senate, Democrat, Max Baucus, US House of Representatives, Steny Hoyer, Home Buying, Home

10 hrs ago | The Greenville News

Homebuyers get help from Uncle Sam

The suddenly surging Columbia housing market just might have gotten more juice. The tax credit that helped fuel the Midlands' first year-over-year homes sales gain in more than two years got extended and expanded by Congress on Thursday.

Comment?

Related Topix: Columbia, SC, Columbia Metro, Home Buying, Home, Tax

14 hrs ago | Bloomberg Business News

Sternlicht Bets on Greenwich Rebound by Raising Home Price to $6 Million

Real estate investor Barry Sternlicht is betting the Greenwich, Connecticut, housing market is making a comeback.

Comment?

Related Topix: Greenwich, CT, Travel/Tourism, Hotels, Starwood Hotel and Resorts Worldwide, Home Listing, Home

18 hrs ago | Nation's Building News

Builders Applaud Congress on Extending Home Buyer Tax Credit

November 5, 2009 - The National Association of Home Builders today applauded Congress for passing legislation that will extend and expand the $8,000 first-time home buyer tax credit, stating that this will provide a much-needed boost to the fragile housing market and economy.

Comment?

Related Topix: Tulsa Metro, Foreclosures

Fri Nov 06, 2009

PhillyBurbs.com

Small banks in Ga., Mich., Minn., Mo. closed

Regulators on Friday shut small banks in Georgia, Michigan, Minnesota and Missouri, bringing the number of bank failures this year to 119 amid the struggling economy and a cascade of defaults on loans.

Comment?

Related Topix: Financial Services, Kansas City, MO

The Victoria Star

Freddie Mac loses $6.3 billion, avoids request for aid for 2nd-straight quarter

Freddie Mac's losses narrowed to US$6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Foreclosures, US News, US Treasury

Newsday

Looking for land in all the right places

But now homebuilders are on the hunt again, vying for choice parcels even in foreclosure-riddled markets like Las Vegas , Southern California and Orlando, Fla., where prices are cheap and there are early signs of a recovery.

Comment?

Related Topix: Foreclosures, Irvine, CA, Construction, Pulte

Reno Gazette-Journal

Homebuyer tax credit, unemployment extensions await Obama's signature

President Barack Obama is expected to sign a measure today to continue to provide tax credits to homebuyers and extend jobless benefits up to 20 weeks in states hit hard by the recession like Nevada.

Comment?

Related Topix: Nevada, US Politics, Nancy Pelosi, US News, US House of Representatives, Democrat, Real Estate, Foreclosures, US Senate, Max Baucus

MyFoxPhilly

Obama to Sign Homebuyer, Jobless Bill

The White House signing ceremony Friday comes a day after the House, displaying rare bipartisan agreement over the seriousness of the jobless situation, voted 403-12 for the measure.

57 comments

Related Topix: US Politics, US News, Barack Obama, Tax, US House of Representatives, Democrat, Steny Hoyer, Shelley Berkley

Village Soup

Senate Approves Tax Credit Extension, Expansion

MIDCOAST : The Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years.

Comment?

Thu Nov 05, 2009

Puget Sound Business Journal

Pending home sales jump in King County

Pending sales of single-family homes and condominiums in King County jumped more than 70 percent in October compared with last year as buyers raced to purchase homes before losing a federal tax credit.

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Related Topix: King County, WA

CLTV - Chicago Land's TV

Senate extends home-buyer tax credit and jobless aid

The measure is expected to be approved by the House and signed by Obama within days.

Comment?

Related Topix: Home Listing, Home, Real Estate, California, Foreclosures, Mortgage

KMPH-TV Fresno

Who is to blame for the bubble?

By now, you're probably sick of reading all the competing theories about who and what created the housing bubble of 2003 to 2006 and subsequent bust.

Comment?

Related Topix: Stanford University, US News, US House of Representatives, Barney Frank, Democrat, US Politics, Home, Mortgage, Personal Finance

Sac Bee

Now, small banks suffer, but no bailout for them

Just as the housing sector appears to be recovering, gathering problems in the commercial real estate market threaten to become a new drag on the economy.

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Related Topix: Home, Mortgage, Personal Finance

WTVR Richmond

Senate-passed $6,500 tax break for homebuyers headed for quick vote in House

Buying a home is about to get cheaper for a whole new crop of homebuyers - $6,500 cheaper.

Comment?

Related Topix: Home Buying, Home, US Politics, US News, US Senate, Republican, Johnny Isakson, Democrat, Max Baucus, Real Estate

Wed Nov 04, 2009

National Post

CMHC problems Part II

Last week, I wrote about how Ottawa has been creating a housing bubble in Canada with taxpayer money which is why residential real estate prices rise in defiance of rising unemployment and recession.

Comment?

Related Topix: Mortgage, Personal Finance, Home

Honolulu Star-Bulletin

Oahu home and condo sales climb in October

Sales of single-family homes and condominiums on Oahu picked up substantially in October; however, year-over-year median sales prices continued to contract, according to statistics released today.

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Related Topix: Honolulu Metro, Honolulu, HI

Bloomberg

Home-Price Slide Will Continue Through Mid-2010, Pimco's Scott Simon Says

The slump in U.S. housing prices is unlikely to end before the middle of next year, and data showing values are rising is misleading, according to Pacific Investment Management Co.

Comment?

Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Newport Beach, CA, US News

MSNBC

Pulte Homes posts third-quarter loss

Pulte Homes Inc. lost $361.4 million in the third quarter, but with the acquisition of Centex Corp., the homebuilder's new orders increased by more than a third.

Comment?

Related Topix: Construction, Pulte, Centex, Bloomfield Hills, MI, Home, Mortgage

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