Welcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics.
According to a recent survey from the National Foundation for Credit Counseling, the traditional American Dream of owning your own home may be changing. According to the survey, almost half of Americans don't think owning a home is a good way to build wealth and almost one-third don't think they…
Topics: homeowners, first time home buyer, home buying, tax credit
I was running errands last weekend and saw my first sign on the side of the road, next to some construction, that said, "This project was paid for by the American Reinvestment and Recovery Act of 2009."
The Treasury Department announced yesterday $268 million in American Recovery and Reinvestment Act…
Topics: new construction, housing market, HUD, recovery act
Ilyce says there are four ways to know when the housing market is recovering:
1. The proportion of home buyers and sellers evens out;
2. Home prices stop falling;
3. Home price start rising;
4. Home buying activity increases.
Are you seeing changes in your local real estate market? What would be a…
Topics: homeowners, housing market, appraisal, home buying
Commercial real estate properties are in a tough spot in this recession. Commercial real estate rents are down by nearly 50 percent, which means that the underlying value of commercial real estate could fall 50 percent from the high point in 2007. Will the federal government back commercial real…
Topics: real estate, real estate market, commercial real estate
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