WASHINGTON, D.C. - On Wednesday, July 30, 2008, the President signed into law The Housing and Economic Recovery Act of 2008, which authorizes the Department of the Treasury to purchase obligations of housing Government Sponsored Enterprises (GSEs); reforms the regulatory supervision of the housing GSEs; provides reform of the Federal Housing Administration; provides homeownership assistance [...]
Las Vegas, Miami and Phoenix all saw prices plummet by at least 20%. And so far, there is no sign of a bottom.
NEW YORK (CNNMoney.com) — Home prices have posted another record decline, as most of the nation’s largest markets suffered double-digit drops over last year, a survey released Tuesday shows.
The S&P Case/Shiller Home Price [...]
In this market where the homes below market are plentiful is the absolute best time to buy a home with zero down. The plan is simple, locate a home that is being sold below market value. Where? Contact a Real Estate Investor or a Real Estate agent with access to shortsales. The question to ask [...]
By Eric Dash
THE NEW YORK TIMES
Even as financial shares led a stock market rally on Thursday, the crisis in the credit markets threatened to engulf one of the nation’s largest commercial finance companies.
The CIT Group, a century-old company that lends money to small businesses and midsize corporations, was forced to draw on $7.3 billion of [...]
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