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http://hmebiq.ning.com/video/fthb-tax-credit





TIME IS RUNNING OUT!



For those of you who are not aware, the $8,000 FTHB tax credit is scheduled to expire December 1, 2009. What does that mean to you??? Well, if you are considering buying a new home and you qualify for the first time home buyer tax credit...time is running out! If you are one of the many people who want to wait to buy because you… Continue

I just finished reading Fannie Mae’s second quarter 2009 results report and was very intrigued by the information presented. Here’s what stood out the most to me:



“Total non-performing loans in our guaranty book of business were $171.0 billion on June 30, 2009, compared with $144.9 billion on March 31, 2009, and $119.2 billion on December 31, 2008. The carrying value of our foreclosed properties was $6.2 billion, compared with $6.4 billion on March 31, 2009, and $6.6 billion on… Continue

Sales of existing homes and condos continue to power the real estate market, in some areas they're up by double digits, and despite all the negative headlines about foreclosures, even prices are rising in many places as well.





Sales in the second quarter ending June 30 jumped by nearly 4 percent countrywide, according to the National Association of Realtors. Second quarter sales in 39 states were higher than the first quarter, as they were in 129 out of the 155 largest… Continue

Banks were still tightening loan standards and consumer demand for loans remained soft during the second quarter, a central bank survey showed yesterday.



“Domestic banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households,” the Federal Reserve’s survey of senior loan officers said.



Major loans include commercial and industrial loans, commercial and residential mortgages, and… Continue