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Pending Home Sales Down on Tight Credit Economic Slow Down

ORLANDO, Fla. – Nov. 7, 2008 – Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors® (NAR). The Pending Home Sales Index, a forward-looking...

Layaway Program

Homebuyers who have trouble saving for a downpayment now have another option – homebuyer layaway plans. With the demise of seller-funded downpayment assistance programs, residential builders are considering other options, and many are rolling out downpayment...

Obama’s Housing Plan Requires Tough Decisions

NEW YORK – Nov. 6, 2008 – President-elect Barack Obama is inheriting the worst housing recession in a generation, and the proposals he outlined on the campaign trail won’t fix it, so there will be many tough decisions ahead. His plan includes a 10 percent mortgage tax...

Foreclosures – An Online Guide

Homeowners facing foreclosure need information, and the U.S. Department of Housing and Urban Development offers a one-stop shop online that can help. “The Guide to Avoiding Foreclosure is an easy-to-use site allowing users to quickly search information specific...

Gifting Your House And Living in it Too

NEW YORK – Oct. 31, 2008 – Plunging real-estate values have made it an opportune time for older homeowners to give property to their children, while realizing big savings on gift and estate taxes. They can do this by moving the home out of their estate with a...