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Tax Credit Changes Could Unleash Home Sales

If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales, enough to meaningfully draw down excess housing inventory, the NATIONAL ASSOCIATION OF REALTORS® says. An evaluation of options for a...

Florida Cabinet Gets Assurance About Small Insurers Jan 2009

TALLAHASSEE, Fla. (AP) – Jan. 14, 2009 – The state’s insurance commissioner Tuesday tried to calm fears about the solvency of small companies stepping in to replace industry giants that have reduced homeowner coverage in Florida due to the state’s hurricane risk....

Online Shoppers Beware of the Pitfalls of Going Alone

Home shopping alone – without the help of a professional even when online – can become a huge handicap for home buyers. Here are four reasons: Late information. Shoppers who limit themselves to only looking at real estate Web sites will overlook some very...

FED Official: Housing is Key to End Recession

While the current recession will be longer and more severe than predicted, housing will help lead the country out of the downturn, Boston Federal Reserve Bank President Eric Rosengren told the Massachusetts Mortgage Bankers Association at its annual meeting. Rosengren...

Buyers Lured to Bargin Luxury Properties

Prices for luxury second-home markets are falling out of the stratosphere–and attracting buyers who were previously priced out of the market. Prices in the Caribbean have dropped by $500,000 and European retreats in Spain, Malta, and Portugal are down 30 percent, says...