From the daily archives:

Thursday, April 30, 2009

Flash! First Time Home Buyers Get $8000 Today

by Rodney Forbes on April 30, 2009

The following article from the Wall Street Journal has me scratching my head. By now, most people know about the $8,000 first time home buyer tax credit (contact me to see if you may qualify). What shocked me is that evidently the IRS is allowing people to claim the tax credit, yes $8,000 in your […]

{ 0 comments }

Home Short Sale Consequences…and Relief

by Rodney Forbes on April 30, 2009

Short sales in real estate today make up about 30-40% of home sales in south Florida. Everyone hears about them, but not too many people know the potential tax consequences of the short sale itself. The following article gives some good examples of the potential tax consequences of selling your home using a short sale. […]

{ 0 comments }

Worst is over for real estate?

by Rodney Forbes on April 30, 2009

After deteriorating relentlessly for nearly three years, the much-watched S&P/Case-Shiller Index showed a brief glimmer that plummeting home prices are at least slowing their fall. Prices are still plunging: Home prices in 20 major cities across the country have fallen 18.6% between February of this year and last, according to the index released Tuesday. That […]

{ 0 comments }

Slowing recession good for real estate market

by Rodney Forbes on April 30, 2009

The Federal Reserve on Wednesday said it see signs the recession may be easing, but warned that the economy is likely to remain weak. Against that backdrop, Fed Chairman Ben Bernanke and his colleagues left a key interest rate at a record low of between zero and 0.25 percent, and decided against taking any new […]

{ 0 comments }