Home sales stabilizing, weak recovery

Posted By admin on June 23, 2009

Home sales are stabilizing. This means that consumers are slowly getting back into the real estate market. And despite the number of foreclosures, abandoned construction sites and existing homes on the market, the sales are starting to show signs of a recovery.

Home sales are up 2.4% though a positive sign, it is less than analysts predictions. Some might say that 2.4% is a good indicator that the real estate industry is improving. The analysts however say that this is a week recovery at best and may be even too soon to call it a recovery.

As far as I can tell, 2.4% is a positive indicator and a sign of an improving real estate industry. That is what I want to believe and I think the coming months will show this is a positive sign.

Clunkers for cash passes House on to Senate

Posted By admin on June 19, 2009

Is this really a clunker?

Is this really a clunker?

Clunkers for cash passes House. Senate states it’s opposed to the measure.

Yes, it is easy to point figures at Hummer, a symbol of excess in the automotive industry and yet Hummer like other large trucks do have their uses.

The fact that many soccer moms run around in Suburbans, Hummers and other very large vehicles does not make them clunkers or even make these vehicles undesirable.

The current perception of these large vehicles somehow single handedly ruining the planet is what is wrong.

As for giving everyone $3500 - $4500 for turning in their current vehicle to buy a new vehicle will not increase vehicle sales while it will increase the national debt.

What can you do with the clunkers for cash cash?

Now before you get all excited about spending that $3500 on a new big screen TV you won’t actually see any money in your pocket. The government is going to give credit directly to the car dealer, not to you the consumer. This means that you will have to do even more homework before going to the dealership to ensure you are getting a good deal on your next car purchase.

If you thought it was hard to get a good deal on a car before this clunkers for cash deal just wait until you try to buy a vehicle after it passes into law.

Furthermore, the only people who qualify for the deal are people who already own a vehicle that Congress is classifying as a clunker. For a summary of what qualifies as a clunker check out the article from USA Today.

Write your Congressman and let him know you are tired of the federal government spending your grandchildren’s inheritance.

Twitter Updates for 2009-06-18

Posted By admin on June 18, 2009

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First time home buyer credit

Posted By admin on June 18, 2009

Is this your dream home?

Is this your dream home?

Did you know you could get your first time home buyer credit at closing?

This is not a gimmick. Hud has agreed that as the credit is designed to help first time home buyers get into a home, they would approve use of some of the funds toward closing costs. The caveat to this - you must qualify for and close on your new home using an FHA backed loan.

For more on this story you can read the specifics at the HUD website.

There are also some states that have expanded the types of loans that qualify for this same treatment. Check with your local state government to see what programs are available in your state.

The tax credit is a maximum of $8,000 and is available to anyone who meets the definition of a first time home buyer that closes on their new home by December 1, 2009.

Do your research and see if now is the time for you to go from renter to home owner.

Twitter Updates for 2009-06-17

Posted By admin on June 17, 2009

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Twitter Updates for 2009-06-16

Posted By admin on June 16, 2009

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Twitter Updates for 2009-06-15

Posted By admin on June 15, 2009

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You matter

Posted By admin on June 15, 2009

I stumbled across this blog post and thought I would pass it along.

Food for thought.  You do matter.

Regardless of how things currently look you matter and what you do matters.

Twitter Weekly Updates for 2009-06-14

Posted By admin on June 14, 2009

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Twitter Weekly Updates for 2009-06-14

Posted By admin on June 14, 2009

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About the author

Josette Mandela, MBA, MSIE and author of
Money is Freedom and Safety created this
site to help women overcome their financial challenges.

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