First-time homebuyers buoy market The housing market is getting a much-needed boost as first-time homebuyers rush to take advantage of an $8,000 federal tax credit that is set to expire Dec. 1. The incentive is helping to slow the decline in home sales. In August, sales were down 1 percent over the comparable period last …
Monthly Archives: October 2009
Richard White: Complying with Florida statutes is recommended for associations
Richard White: Complying with Florida statutes is recommended for associations Question: I have written to you previously about a potential vote our condominium complex entertained to opt out of the state statute. This vote for opting out was recommended by our management company. Well, the condominium members did vote to opt out. What is your …
Continue reading “Richard White: Complying with Florida statutes is recommended for associations”
The Stresses of Buying Distressed Homes
The Stresses of Buying Distressed Homes Home buyers are finding that the battered real-estate market offers just as many opportunities for headaches as for bargains. Seth and Crystal Grotzke, both 25 years old, recently bought a bank-owned two-bedroom, two-bathroom townhouse in Edina, Minn., for $110,000—when similar homes in the same development were selling for as …
Leaving Affordable Mortgage May Become Winning Gambit [Southern California]
Leaving Affordable Mortgage May Become Winning Gambit [Southern California] Scott Conroy pays the mortgage every month on his one-bedroom condominium in San Diego, even though it’s worth 33 percent less than what he owes and it may take more than a decade to break even. Homeowners like Conroy who can afford their monthly payments are …
Continue reading “Leaving Affordable Mortgage May Become Winning Gambit [Southern California]”