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Ilyce Glink
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Home Buyer Tax Credit: How to Cash In
The new extension of the home-buyer tax credit gives buyers more time and more opportunity to take advantage. Income limits have changed, for instance, and you no longer have to be a first-time home buyer. Here?s how to grab the newly expanded tax break. Here’s what you need to know to...
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Refinancing? Here's The Mortgage Deal I Choose
Yesterday we started shopping around for our refinance. Today we chose a lender and a got an amazing deal. Here's the scoop on what I hope will be the last mortgage of my life. by Ilyce Glink
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Time To Refinance? I'm Thinking About It.
Is it time to refinance? For the first time in 7 years, I'm seriously thinking about it. by Ilyce Glink
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Surprise! October Housing Starts Collapse
Guess the economists are wrong again. According to this morning's Wall Street Journal, economists estimated that U.S. housing starts rose to an annualized pace of 600,000 units from 590,000 in September. Wouldn't that be nice. Instead, housing starts collapsed according to the latest...
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Goldman Sachs Says Sorry For The Housing and Credit Crisis
Goldman Sachs CEO Lloyd Blanfein apologized for the company's role in the housing and credit crisis. It offered $500 million to small business owners to help with access to capital and education. Nice. Except this year, the company's bonus pool is $36 billion. by Ilyce Glink
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Better Foreclosure Numbers? Not Really.
For the third month in a row, the number of foreclosures decreased slightly. Is the tide of foreclosures turning? Not really. It's more like a temporary lull. In a press release, James J. Saccacio, chief executive officer of RealtyTrac noted that three consecutive monthly declines is...
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Buying A House Next Year? Don't Worry About The Competition.
I've been speaking with real estate professionals around the country about the extension and expansion of the home buyer tax credit. Most are thrilled that they will have this incentive to lure prospective home buyers for another six months or so. Those who are working with home buyers who...
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Tax Credit Extension And Expansion Is Signed
This afternoon, President Barack Obama signed legislation extending unemployment benefits and expanding the $8,000 first-time home buyer tax credit. Will this fix the housing crisis for good? by Ilyce Glink
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$8,000/$6,500 Tax Credits Are A Done Deal. What's Next?
The $8,000 tax credit extension and expansion will become law later this week. What's the next big idea to end the Great Recession? by Ilyce Glink
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Borrowers Save Billions By Refinancing Their Mortgages
Mortgage interest rates dropped to 50-year lows in 2009, and borrowers will save billions of dollars by refinancing, according to a new report from Freddie Mac. According to Freddie Mac's quarterly Refinance Report, one-half of borrowers who refinanced their conventional loans lowered their...
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