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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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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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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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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 4:22 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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Saturday, July 30, 2011 4:38 PM

New-Home Market Shows Signs of Stabilizing

--> New-home sales dropped in June, but a sharp increase in prices and declining inventories may be signs the sluggish new-home market is finally showing signs of rebounding, the Commerce Department reported Tuesday. Sales of new homes dropped 1 percent
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Saturday, July 30, 2011 4:31 PM

Nondistressed Prices Bouncing Back to 2009 Levels?

--> Home prices may be showing signs of stabilizing -- that is, if you remove distressed sales from the equation. When distressed sales are excluded from CoreLogic’s Home Price Index, home prices dropped only 0.4 percent from a year ago -- not 7.4
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Saturday, July 23, 2011 11:39 AM

Freddie Mac: 'Double Dip' in Housing Is Unlikely

Freddie Mac continues to sound optimism about the housing market for the second half of 2011. In its latest economic and housing market outlook report, Freddie Mac says that the housing market is unlikely to experience a “double dip” and home
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Saturday, July 23, 2011 11:36 AM

Many Home Owners in Denial About Price

More home owners — particularly those who bought their homes in 2007 or later — are overpricing their properties when trying to sell them, according to a new analysis from Zillow. Home owners who purchased their home in 2007 or later are overpricing
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Saturday, July 23, 2011 11:33 AM

Existing-Home Sales Slip, But Prices Stabilize

Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of REALTORS ® . Sales gains in the Midwest and South were offset by declines in the Northeast
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Saturday, July 23, 2011 11:28 AM

Mortgage Rates Mostly Hold Steady This Week

Mortgage rates continue to hover around yearly lows and were mostly unchanged this week, amid mixed economic and housing reports, Freddie Mac reports in its latest mortgage market survey for the week ending July 21. "Although both the overall producer
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Saturday, July 23, 2011 11:26 AM

Property Tax Woes Hurting Local Government Budgets

--> Property taxes haven’t been raised fast enough by many local governments, who are now feeling the squeeze in their budgets. Property tax revenues have decreased for two consecutive quarters, which hasn’t happened since 1963, according
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Sunday, July 10, 2011 8:09 PM

Fastest Way to Sell a Home? Underprice By 10%

Home sellers probably won’t be too happy, but housing experts in an article at CNNMoney say that underpricing a home by 10 percent may help it sell faster. And while sellers may lose out on thousands from the sale, they likely will avoid months
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