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Developments

The Developments blog tracks the housing market, offering analysis, tips and insight for homeowners and home buyers.
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Senate Haggles Over Home-Buyer Tax Credit Extension

Oct 27, 2009
Prospects for a Senate deal to extend the homebuyer tax credit remain good. But details still need to be worked out, and worries about its cost and effectiveness are weighing on some lawmakers’ minds.

Will a New Logo Cheer Up America’s Home Builders?

Oct 22, 2009
The housing market remains in the dumps, but that hasn’t prevented the National Association of Home Builders from introducing a fresh logo as...

Tax Credit Abuse and the Four-Year-Old Home Buyer

Oct 22, 2009
The $8,000 first-time home buyer tax credit may have been used by tens of thousands of people who weren’t supposed to receive it, an Internal Revenue Service watchdog official told a Congressional hearing on Thursday. Russell George, who serve...

Lend America Faces Probe for Alleged Fraud on FHA Loans

Oct 21, 2009
Another mortgage lender that specializes in loans backed by the Federal Housing Administration is coming under...

Extend the Home Buyer Tax Credit? Not So Fast

Oct 20, 2009
The nation’s top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing...

Looking for a Real Estate Investment? Try an ‘Animal House’

Nov 5, 2009
Everett Collection Ready for Home Buying 101? Beer pong and loud music make for affordable homes in college towns, at least according to Coldwell Banker’s College Home Price Comparison Index released today. The annual report studied prices for...

Goldman: Tax Credit Extension Would Keep Home Prices Up

Nov 5, 2009
Around 70% of all current homeowners will be eligible for the expanded home buyer tax credit, which should provide some boost to home prices over the next few months, according to an estimate by economists at Goldman Sachs, The Senate on Wednesday...

FHA Postpones Release of Audit As Bailout Worries Mount

Nov 4, 2009
Two House Republicans warned that growing losses at the Federal Housing Administration could lead to a taxpayer-funded bailout and have asked the Department of Housing and Urban Development for data backing up the FHA’s assertion that it won’t need to...

Dallas Four Seasons Goes Delinquent, Strategically

Nov 4, 2009
The Four Seasons’ Web Site The Four Seasons Resort and Club near Dallas has gone delinquent on its $175 million securitized mortgage after failing to generate enough cash flow to cover its interest costs. The hotel’s owner, closely held real-estate...

Mortgage Rates Dip Below 5%

Nov 4, 2009
Those worrying about mortgage rates ticking up just got a reprieve. Mortgage rates dipped below 5% last week, while mortgage application volume ramped up, according to the Mortgage Bankers Association’s weekly survey. Rates for 30-year, fixed...


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