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Tuesday, January 31, 2012 1:31 PM

IRS Audit Red Flags: The Dirty Dozen

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all individual tax returns annually. The agency doesn't have enough personnel and resources to examine
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Wednesday, December 28, 2011 1:41 PM

What's in Store for Housing in 2012?

The worst for the housing market may finally be over, according to housing experts in a recent article in Kiplinger. After median home price have dropped nearly 40 percent nationwide, a rebound is taking shape -- although, housing experts say, the market
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Tuesday, December 27, 2011 10:09 AM

Americans Eager to Buy, Sellers Aren’t Happy?

Nearly 80 percent of home buyers say now is a great time to buy a home, but sellers say it’s not a great time to sell, according to a new study, “The Great Recession and Attitudes Toward Homebuying,” released this week by the Mortgage
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Tuesday, December 27, 2011 10:02 AM

5 Cities With Big Holiday Spenders

The holidays are big-spending season, and shoppers are expected to spend, on average, $646 on gifts this year, according to the American Research Group. So which cities will spend the most during the holidays? The following is a recent list of the expected
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Sunday, November 20, 2011 2:05 PM

Mortgage Rates Stay Low Again This Week

For the third week, 30-year fixed-rate mortgages, the most popular choice among home buyers, averaged at or below 4 percent, Freddie Mac reports in its weekly mortgage market survey. "Mortgage rates were little changed this week just as the economy
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Friday, November 11, 2011 2:32 PM

Buy a HUD Home for Only $100 Down?

In several states, the U.S. Department of Housing and Urban Development is offering home buyers foreclosed homes with only a $100 down payment, in trying to unload some of its inventory. The incentive runs until October 2012. To qualify, purchasers must
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Friday, November 11, 2011 2:29 PM

Housing Is Key in 2012 Elections, Voters Say

Nearly seven out of 10 American — seven more so for the millennial younger generation — say that candidates’ positions on housings will be very important to them in the 2012 presidential and congressional elections, according to a new
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Thursday, October 13, 2011 11:43 AM

Buyers Want a Deal--or a Steal?

Buyers are still looking for homes, but they won’t settle for anything less than a great deal, say real estate professionals. "All the buyers across the board want everything in a house,” "They want it completely done. They want
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Sunday, September 25, 2011 4:58 PM

10 States With the Highest Foreclosure Rates

For the 56th straight month, Nevada continued to have the highest foreclosure rate in the country, where one in every 118 homes received a foreclosure filing during August, according to the latest figures from RealtyTrac. Nationally, 1 in every 570 households
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Sunday, September 25, 2011 2:58 PM

How Much Longer Will Housing Remain Sluggish?

The weak U.S. economy will likely dampen the housing market until 2015, according to a new survey of economists, analysts, and real estate professionals. Home prices are expected to grow only slightly at 1.1 percent annually through 2015, the survey by
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Tuesday, September 20, 2011 11:35 AM

Do the rich pay lower rates than their secretaries

WASHINGTON (AP) — President Barack Obama makes it sound as if there are millionaires all over America paying taxes at lower rates than their secretaries. "Middle-class families shouldn't pay higher taxes than millionaires and billionaires,"
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Monday, September 05, 2011 4:27 PM

Gov’t Criticizes Banks for Failing More Home Owners

Bank of America and JPMorgan Chase, two of the country’s largest lenders, are not doing enough to help home owners avoid foreclosure, the Treasury Department said Thursday. Many home owners who have been eligible for loan modifications have been
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Monday, September 05, 2011 4:24 PM

Mortgage Rates Hover Around Record Lows

--> Mortgage rates this week are averaging at or near historic lows, Freddie Mac reports in its weekly mortgage market survey. "Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record
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Monday, September 05, 2011 4:22 PM

Foreclosure Delays Reach New Records

--> Delinquent home owners are living in their homes longer, rent-free. Home owners with a loan in foreclosure haven’t made a payment, on average, for 20 months or 599 days--a new record, according to new data by Lender Processing Services Inc.
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Monday, August 22, 2011 7:05 PM

Mortgage Rates Reach All-Time Lows Again

--> Ongoing economic concerns continued to push mortgage rates to new lows, as 30-year and 15-year mortgage rates took another dip, pushing home affordability even higher, Freddie Mac reports in its weekly mortgage market survey. 30-year fixed-rate mortgages:
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