December 2008 
There are 457 blog entries for December 2008.
Homebuilders ask Congress for 10% Tax Credit for Buyers
Monday, December 15th, 2008 at 4:54pm. 101 Views, 0 Comments.
Homebuilders have asked Congress to enact a 10 percent tax credit of up to $22,000 for homebuyers that purchase a home over the next year. They also are seeking a temporary interest-rate reduction on 30-year mortgages.
Government incentives are needed, homebuilders contend, because many buyers are fearful of jumping into the housing market due to uncertainty over the economy and how much longer the three-year slide in home prices will continue.
"We have seen no improvement over the past month in terms of sales conditions for new homes," said David Crowe, the association's chief economist. "In fact, certain factors have gotten progressively worse, not the least of which is the job market, where massive layoffs are having a devastating effect on consumer…
Carolina Beach Real Estate Rivals California and Florida
Monday, December 15th, 2008 at 1:15pm. 107 Views, 0 Comments.
You don’t have to go to California or Florida when you want to buy a house, condo, or townhouse near the beach. Carolina Beach in North Carolina is a secret gem you will never want to leave. It’s a locale with charm and a relaxing, community based environment. Everything you need for ultimate livability is available in miles of shopping, outdoor recreation, and don’t forget dining opportunities with fresh seafood. It’s a perfect microcosm of what people strive for in daily living. You can do a check online of available real estate.
Do Something | Be Different!
Saturday, December 13th, 2008 at 9:39am. 132 Views, 1 Comments.
RISMEDIA, Dec. 13, 2008-As Alan Greenspan said recently, we are in the midst of an economic tsunami the likes of which has never been seen. Wave after wave of news, reporting one crisis after another, crash on our lives daily.
As consumers ride out these waves, the entire economy is affected with reductions in spending and non-essential products or services being delayed or eliminated. The government-approved bailout plan is going through a metamorphosis, which, in my opinion, needs to occur prior to the funds being disbursed. Distributing $700 billion without proper oversight or consideration could make matters worse; it’s like placing a bandage prior to stitching the wound.
Deregulation in the financial sector without proper oversight is partly what led to…
New Listings: Wilmington, NC Emerald Forest
Saturday, December 13th, 2008 at 8:37am. 135 Views, 0 Comments.
7204 Oyster Ln | Wilmington, NC 28411
Well maintained 3 bedroom, 2.5 bath, 2 car garage home in Emerald Forest. Relax on the front porch while enjoying the extensive landscaping or hang out with friends on the over sized back deck which overlooks the backyard with an inground pool & surrounded by a wood fence. Inside you are greeted by an open living room featuring a welcoming gas fireplace. Hardwood floors are throughout the living room & the large formal dining room. The spacious kitchen has endless counterspace, a breakfast bar, built in microwave, a pantry for additional storage, & even a breakfast nook complete with a bay window. Mud room contains a convenient shower for quick clean up. Master suite features dual closets and a large bathroom with dual…
Falling Mortgage Rates - Spark of life for Real Estate
Thursday, December 11th, 2008 at 3:55pm. 110 Views, 0 Comments.
RISMEDIA, Dec. 11, 2008-(MCT)-In a development cheered by mortgage brokers, interest rates have dipped to their lowest levels in years, providing what some say is a glimmer of hope in this dismal housing market.
Brokers across Charlotte have seen a spike in business since Nov. 25, when the Federal Reserve announced plans to buy up to $600 billion in toxic mortgage assets.
The move prompted interest rates to fall — to around 5.5% this week — and that could translate to lower monthly mortgage payments and an incentive for home shoppers who are debating whether to buy, brokers say.
“We’re saying to Realtors, ‘Hey, if you’ve got people sitting on the fence, you may want to let them know that,’” said Doug Bell, managing partner of First Trust Mortgage, where…
Housing Stimulus Urged to Halt Erosion of US Economy
Tuesday, December 9th, 2008 at 4:13pm. 126 Views, 0 Comments.
Housing Stimulus Urged to Halt Erosion of U.S. Economy
Leading one of the largest coalitions of housing advocates ever assembled in the United States, NAHB is pushing for a housing stimulus plan that will stabilize the marketplace and address the ongoing crisis in the financial markets that is constraining the flow of credit the nation needs to arrest a deepening recession.
Almost 100 organizations, home building companies and manufacturers have joined in support of Fix Housing First, which is pressing for legislative action to provide short-term, targeted incentives that will encourage consumers to buy homes again and end the dangerous downward housing market spiral that has now taken hold of the entire U.S. economy.
As the key ingredients of a housing…
There Is More to the Economic Stabilization Bill than Meets the Eye
Tuesday, December 9th, 2008 at 2:42pm. 118 Views, 0 Comments.
There Is More to the Economic Stabilization Bill than Meets the Eye
With all of the attention being focused on the financial "rescue" aspects of the recently passed Emergency Economic Stabilization Act of 2008, Progress Energy did not want you to miss some of the extended and enhanced renewable energy and energy efficiency incentives that it contains.The act extends and revives a number of energy efficiency tax incentives for buildings, creates new tax credits for efficient vehicles, and extends and modifies tax credits for biofuels. While the production tax credit (PTC) extensions and enhancements are good news for all major renewable energy sources, arguably the biggest winner in the tax bill is solar energy. Read more
Study Shows Housing Values Have Climbed
Tuesday, December 9th, 2008 at 2:37pm. 143 Views, 0 Comments.
Study Shows Housing Values Have Climbed
News reports have been packed with stories about declining home values, but a recent government report shows that the situation is not nearly so dire as some reports make it sound.
Despite big loses in some areas of the country, the majority of markets continue to show growth in home value over the last five years.
According to the third-quarter survey released by the Federal Housing Finance Agency, out of 292 metropolitan markets, 273 showed positive net home values in the last five years. Only 19 percent were negative.
While home values declined 4 percent on average in the last year, values were up nearly 29 percent over the past five years.
According to the Federal Housing Finance Agency, markets that gained the most…
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