Monthly Archives: February 2014

Pending Home Sales Reverse 2-month Decline

LOS ANGELES (Feb. 26) – With the statewide housing inventory slowly improving, California pending home sales picked up steam in January and reversed a two-month decline, but pending sales were still down from a year ago, the CALIFORNIA ASSOCIATION OF … Continue reading

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Undesirable Property as a Charitable Deduction?

What do you do when you own an apartment building that you want to get rid of but no one wants to buy? One strategy owners of undesirable properties often use is to give the property to a charity and … Continue reading

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GOV’T HAD EARLY PLANS TO KEEP ALL FANNIE/FREDDIE PROFITS

Govt had early plans to keep all Fannie, Freddie profits As conservator of Fannie Mae and Freddie Mac, the Treasury has intended on keeping all future profits generated by the two government-sponsored enterprises (GSEs) since at least late 2010, The … Continue reading

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Changing Market Requires Evolving Owner Strategies

Changing Market Requires Evolving Owner Strategies Sponsored By Learn how to negotiate to get the price you want By Broderick Perkins A buyer’s market is spreading nationwide during a season when buyers are already in short supply. That makes it … Continue reading

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How to Survive In A Struggling Economy

A constant drum-beat of on-again, off-again economic data may leave you feeling confused about your prospects for financial success, but there is hope – and attainable hope lies not in placing your trust in politicians and government programs – but … Continue reading

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Who Will Feel the Credit Squeeze in 2014?

Who will feel the credit squeeze in 2014? Source: HousingWire The availability of credit for mortgage borrowers has been a pressing question for the recovery of the housing market, and in 2014, whether credit is too tight or too loose … Continue reading

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More Inventory This Spring

When the spring homebuying season kicks off in the days and weeks ahead, don’t expect prices to rise as fast as they did last year, Trulia Chief Economist Jed Kolko tells Bloomberg News reporter Prashant Gopal. Expect to see “a … Continue reading

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Mortgage Forgiveness Debt Relief May Not Be Extended

Despite some optimism at the beginning of the year, a 6-year-old federal law that allowed homeowners to avoid liability for federal income tax on debt forgiven in a short sale or through a principal reduction may not be extended until … Continue reading

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FIXED MORTGAGE RATES DROP FURTHER

MCLEAN, VA–(Marketwired – Feb 6, 2014) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), reflecting that weaker housing data is putting downward pressure on average fixed mortgage rates.

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