October 2009

Home Prices Continue to Rise

Despite dissenting views on the future of the nation’s economy, home prices have risen for the third consecutive month. Yahoo News analyzes how these new trends could jump start the path to recovery, providing security for homeowner’s and the confidence to start spending. However, writer J.W. Elphinstone leaves room for skepticism, as he details the affects rising unemployment, foreclosures, and the end of the tax credit will have on future growth.

Extension of the Home Buyer Credit?

CNN Money covers the persisting conflict of whether to extend the first time home buyer credit. Housing Secretary Shaun Donovan cites an assessment of the cost to tax payers as the reason for the delay. Opposers of this expansion say that it is a waste of money, and that with low interest rates and the FHA’s influence over lending- it is really unnecessary. Supporters claim it will further increase home sales, level out house prices, and create jobs- many pushing for looser qualifications in addition to an extension.

Common Legal Mistakes Made in Real Estate Investing

The REI Club’s Bill Bronchick authors an extremely informative article on legal mistakes that new investors make. Poor legal forms head the list as one of the most popular mistakes, as Bronchick advises customizing contracts instead of relying on premaid ones that may not fully protect you. He also expands on the topic of illegal discrimination, including kinds that new investors may not be aware of. Reference this article to avoid messy lawsuits by knowing the facts, and steering clear of these novice blunders.