There were signs that America’s housing market may be reviving. The National Association of Realtors reported that pending home sales—when a contract has been agreed on but not completed—rose by 6.3% in December. Sales rose fastest in the Midwestern and Southern regions, where resales of foreclosed homes are less common.
Better to Rent than Buy a Home -- Seeking Alpha
Another good fact based article making it hard to justify buying vs renting right now.
$15,000 Tax Break for Homebuyers
From David Herszenhorn at the NY Times: Senate Approves Tax Break for Homebuyers
The measure would give buyers a tax credit of 10 percent of the price of a primary residence purchased within the…
Housing Prices Will Continue to Fall, Especially in California | Newgeography.com
Good fact based article.
Fannie to ask for up to $16 Billion
From the Fannie Mae 8-K SEC filing today:
Fannie Mae (formally, the Federal National Mortgage Association) is in the process of preparing its financial statements for the fourth quarter of 2008…
For anyone considering purchasing a home during this economic downturn (I am using that term lightly) here is a sobering article: http://patrick.net/housing/crash.html
