When talking with real estate agents, when you hear them talk about buying real estate, they will refer to purchasing a “home.” However if you are selling real estate, they will frequently refer to it as a “house.” There is an explanation for these different terms used. Buying is typically an emotional decision, but when […]

Commercial real estate activity has suffered from a severe credit crunch for commercial sectors, sustained job losses and weak consumer spending, although the decline appears to be slowing.  A forward-looking indicator shows commercial real estate will remain weak into 2010, but recent actions by the Federal Reserve should improve some flow of capital into commercial […]

The following is a statement by National Association of Realtors® President Charles McMillan:
“NAR would like to congratulate and thank Department of Housing and Urban Development Secretary Shaun Donovan and Federal Housing Administration Commissioner Dave Stevens for implementing the FHA-Making Home Affordable Loan Modification Program. This newly enhanced program will help struggling homeowners who qualify to […]

For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors®.
Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 7.2 percent to a seasonally adjusted annual rate1 of 5.24 million units in July from a level of 4.89 million in […]

You or your friends and family can receive a tax credit of up to $8,000 for buying your first home. A first time buyer is considered to be someone who has not owned a home in the last 3 years.

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for […]