Numbers for New Construction in December 2008 are out. Still no good news.
Building permits in December 2008 fell 10.7% from November and declined 50.6% from December 2007, to 549,000. For 2008 overall, building permits fell 36.2% from 2007, to 892,500. Housing starts in December 2008 declined 15.5…
Foreclosures Increase Whopping 81 Percent In 2008
The number of foreclosure filings in 2008 increased a dramatic 81 percent over that of 2007, announced RealtyTrac in its 2008 U.S. Foreclosure Market Report.
The report states that 3,157,806 foreclosure filings were made on 2,330,483 properties. That means that some properties were subject to…
IRS Announces Help For Taxpayers Who Owe Back Taxes
Looks like the Internal Revenue Service is following the example of financial institutions like banks and agreeing to work with people in financial distress who owe them money. The bottom line is that you should call IRS and talk to them if you cannot make payments. Tell them about your specific…
Our Latest Real Estate Videos: Mortgage Loan Types
Check out our latest videos and learn more about different types of mortgage loans!
What is an Adjustable Rate Mortgage (ARM) Loan?
www.youtube.com/v/1brZktsDKWY&hl
What is an Interest Only Loan?
www.youtube.com/v/eCxbtgkStUA&hl
Jan. 7, 2008.
Rapper DMX Loses Home To Foreclosure
As rapper DMX sits behind bars awaiting sentencing, looters have been allegedly pillaging his Cave Creek, Ariz., home, which was foreclosed by his lender. Reports say the home was neglected after he and his wife split.
DMX bought the home for $600,000 and it's currently on the market for $429,000…
Fulton County Taxpayers Foundation
Unhappy about how much you're paying in property taxes? Live in Fulton County, GA? We had a call from Bob to say that his assessment went up 33 percent this year. He appealed and they denied his appeal and raised his property tax assessment from the prior year as well. Ouch!
We received a call from a…
Clark Howard - December 31, 2008
We're going to say goodbye to 2008 today:
I'll also have some New Year's resolutions for you to jump start your 2009.
Please join us online at…
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…
Inheritance: Refinance Parent's Investment House with Kid's Inheritance?
I got a call at the top of the show from a woman who wondered if she should use the $70,000 her kids inherited to pay off her investment property. She'd create a 15-year mortgage and would pay her kids back monthly for 15 years. She figures it's better to pay back her kids at a guaranteed rate of…
Today on the Clark Howard Show December 22, 2008
Today we'll talk about how more companies are figuring out different ways to cut their costs without laying off more people. Also, loan modifications are going awry. We'll talk about why and whether not is the right time to refinance. And, I have a Christmas story for you.
Join us at www.wsbradio.com…
