Today on the Ilyce Glink Show - June 14, 2009
Today on the Ilyce Glink Show, we're discussing the following:
US. Consumers' mood is the strongest in 9 months. Consumer confidence rose to a nine-month high, according to the Reuters/University of Michigan Surveys of Consumers. The preliminary index of confidence for…
Senator Proposes $15,000 Tax Credit For All Home Buyers
What would it take to motivate you to buy a house? U.S. Senator Johnny Isakson, R-Ga., thinks you need the push of $15,000.
Yesterday Sen. Isakson introduced legislation that would expand the first-time home buyer tax credit to all home buyers, and it would increase the maximum credit to $15,000.
I…
California, Nevada, Florida Rank Top 3 For May Foreclosures
RealtyTrac released today the May 2009 foreclosure numbers. Nevada tops the ratings with 1 in every 64 housing units receiving a foreclosure filing, more than six times the national average. California was second with 1 in every 144, and Florida third with 1 in every 148 housing units receiving a…
Where Are All The Fantastic Real Estate Deals?
All this commotion in the news lately about the $8,000 tax credit and foreclosures and great deals and falling prices has put the idea in my head that it might be time for me to become a homeowner.
Under normal circumstances, my finances would tell me to steer clear of a mortgage. But I figured that…
Why Won't The Mortgage Lender Refinance This Investment Property?
Are you thinking about buying investment property now that prices have dropped? Unless you're paying with cash, you're probably trying to figure out how to finance a piece of investment property.
Mortgage lenders are willing to lend cash to those real estate investors who have at least 25 percent in…
Today on the Ilyce Glink Show - May 31, 2009
Today on the Ilyce Glink show, Ilyce talked about HUD Secretary Shaun Donovan's announcement this week that first-time buyers would be able to use their $8,000 tax credit to offset some FHA loan program costs and then put the rest toward a larger down payment - after coming up with the initial 3.5…
Existing Home Sales Rise 2.9 Percent From March
It's funny. This morning I went to check the Web site of the National Association of Realtors for the latest numbers for existing home sales and they hadn't been posted yet. Then after I finished the other two blogs just now, it magically appeared. Anyway...
Existing home sales increased 2.9 percent…
More Mortgage Applications Processed As Rates Rise Slightly
Mortgage interest rates rose slightly last week for 30-year fixed rate mortgages and one year adjustable rate mortgages, announced the Mortgage Bankers Association today. But they're still relatively low.
Yesterday I blogged how falling home values makes buying a home more affordable for first time…
Home Prices Decline 19 Percent In First Quarter 2009
I remember sitting in an economics reporting seminar in grad school three years ago and many of us lamenting that we would not be able to buy homes, not with having to repay student loan debt too. Ever since the bursting of the housing bubble I'm feeling more hopeful. And today's S&P Case Shiller…
Today on the Ilyce Glink Show - May 24, 2009
Today on the Ilyce Glink show, we had a call about the Roth IRA conversion change for 2010. I've been writing about this for awhile, and basically the change boils down to the following:
If you make too much money (over $100,000/year) to convert your current IRA to a Roth IRA…
