Even though now doesn’t seem to be the ideal time to sell your home, you can take heart in knowing that small actions may make a difference in getting your home sold.
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The state of New York is weathering the latest real estate downturn. While sales prices have dropped overall from last year at this time, they have stopped sliding and may be on an upward trend. The city of Binghamton, in Broome County, for instance, is one of only 11 counties in the Empire State that [...]

read full story of "Hot Market: Binghamton, NY — Renewing the City for a Buck"

If you think there are too many Realtors, a new report by Deloitte suggests otherwise. High turnover rates and an aging workforce will soon result in a huge global talent shortage for residential and commercial real estate companies.
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Suppose a tenant finds him or herself living in a “slumlord” unit. Everything is deteriorated. Unsanitary conditions prevail. What is the tenant’s recourse? Is he or she entitled to damages?
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McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.17 percent with an average 0.5 point for the week ending December 27, 2007, up from last week when it averaged 6.14 percent as well. Last year at this time, [...]

read full story of "Bonds Yields Inch Up, Bringing Some Mortgage Rates With Them"

While the tax deferral benefits of a 1031 Exchange can be very significant, there is another reason to consider a tax-deferred exchange. The 1031 Exchange provides the opportunity to diversify your investment portfolio, without triggering a tax liability. Let’s assume your personal net-worth is heavily weighted toward real estate, and you would like to create [...]

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Hardly anybody noticed it, but Congress tucked away a valuable bit of holiday cheer for real estate when it passed its final tax bill of the year.
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It’s no news that it’s become a buyer’s market in many markets across the country. In my area (Kansas City) there are over 16,500 homes on the market and foreclosures are up 55 percent from this time last year.
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A weakened U.S. dollar and falling home prices are turning America’s second home market into a fire sale for some foreign buyers.
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The American Red Cross estimates that more than 350,000 homes were destroyed by Hurricanes Katrina and Rita, while an additional 146,000 had major damage. According to a recent article in the New York Times, wildfires in Southern California consumed over 1,000 homes and other structures, were threatening 68,500 more, and had displaced over 500,000 people.
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read full story of "Declaring the Mortgage Meltdown a National Disaster"