NAR Says Home Buyer Tax Credit Could Help Reduce Housing Inventory
According to the National Association of Realtors, if all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, which would be enough to significantly reduce excess housing inventory.
Lawrence Yun, NAR chief economist, said NAR…
More On Streamline Refinancing
I received this email this morning:
From: Catherine, Dated: 1/14/2009 Hello! After listening to your show this past Sunday, you referred a caller to his existing mortgage company for a "streamline loan modification," stating that it would only cost a few hundred dollars and almost immediately lower…
An Update On Streamline Refinancing
On this Sunday's show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically allows you to lower the interest rate on your loan without doing a full refinance (or paying the costs associated with a full refinance).
The last time I…
Just received this from Woody Alpern, who was partners with the late Mike Kavanagh at Capital Investment Advisors, Inc. (www.yourwealth.com). For more information on annuities, please contact him at radio@yourwealth.com and tell him I sent you.
Ilyce:
I was listening to your show, and I heard the last…
Here's the video from my appearance on yesterday's Today Show:
Breaking News, World News, and News about the Economy
Dec. 28, 2008
The Numbers: Here's What 2008 Looked Like
As we end the year, it's hard to picture just how awful a year this was. It's even harder to imagine what 2009 will be like if 2008 was this bad.
One way to judge a year is by the numbers. Here are a few of the most interesting:
Stock Market:
S&P fell 1.7% last week to 872; down 41% in 2008 Dow Jones…
Freddie Mac Fast Tracks Mortgage Help
As more bad news continues to come out of Wall Street, Freddie Mac offers some help with a new plan to aid families facing foreclosure. Under the Streamlined Modification Program, seriously delinquent borrowers can try to restructure their mortgage and stay in their homes. The program, a partnership…
Single Women Heading Households Seem To Be Less Well Off
Apparently, it's tough being a single woman who heads a household these days.The Consumer Federation of America released the results of an analysis of data from the Federal Reserve's Survey of Consumer Finances. Single women head 26 percent of American households. Single was defined as never…
Today on the show, we took calls from: Linda about whether she should pay off her primary residence or retirement properties; Joe, who is 65 and his wife died, cahsed out all of his 401(k) money to pay off his house and wanted to know if that was a good idea; Scott, who thinks the house he and his…
Every year for the past 11 years, I've filled in for Clark Howard on the day before Thanksgiving and on Black Friday, the day after Thanksgiving. We always have a lot of fun on these shows.
Traditionally, I talk about the Thanksgiving I'm going to cook and provide recipes for everyone. If you're…
