Posts filed under ‘labor’

Where Home Prices Are Falling Dramatically

The rising tide of Foreclosures and mortgage delinquencies affecting the market are depressing home prices at a more rapid pace than previously predicted.

The net effect will be more homeowners underwater, which will lead to more foreclosures, which will lead to even lower prices…which places the battered housing market on a round-a-bout with essentially no exit.

There will come a point in which DRASTIC measures will be the only solution to clearing inventory. Whether that will be practically giving homes away, say selling them for pennies on the dollar, or wiping out existing mortgages and restructuring them to fit a homeowners current income (DTI).

Or perhaps even creating habitats for homeless, terminally ill patients, special needs individuals, Etc. But something very drastic will need be done in order to stem the vicious cycle of exponential price and sales decline.

With rising unemployment and the continuing loss of purchasing power, less and less would-be buyers will be able to purchase a home. Therefore, the existing, foreclosed and shadow inventories will keep piling up- numbering close to 15 million units by 2012, if swift and meaningful action is not taken.

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December 14, 2010 at 8:01 pm Leave a comment

Labor Data suggests that hiring may soon pick up

 

The latest DoL data suggests that companies may soon accelerate  the hiring process.

December 9, 2010 at 4:11 pm Leave a comment

OPEN HOUSE! | Basking Ridge Ranch Home

OPEN HOUSE THIS SUNDAY DEC 5TH IN BASKING RIDGE  1 -4 PM

71 SPENCER RD

COME MOVE RIGHT INTO THIS PERFECT SPOTLESS RANCH THAT IS WALKING DISTANCE TO TRAINS, SCHOOLS AND THE BASKING RIDGE DOWNTOWN. THE SPACIOUS PRIVATE REAR YARD FEATURES A WOOD DECK FOR OUTDOOR LIVING.

December 2, 2010 at 3:16 pm Leave a comment

Do You Have to Repay Your Homebuyer Credit?

If you claimed a federal income tax credit for a 2008 home purchase, you’ll probably have to pay it back over 15 years, starting with your 2010 Form 1040 (due next April).

Read more: Do You Have to Repay Your Homebuyer Credit? – Personal Finance – Taxes – SmartMoney.com http://www.smartmoney.com/personal-finance/taxes/do-you-have-to-repay-your-homebuyer-credit/#ixzz13lILteTg

http://www.smartmoney.com/personal-finance/taxes/do-you-have-to-repay-your-homebuyer-credit/

October 29, 2010 at 3:25 pm Leave a comment

N.J.’s exit tax

N.J.’s exit tax: So baffling, even officials can’t explain it…

If you thought New Jersey’s jughandles were confusing, try wrapping your head around the state’s “exit tax.”

http://www.nj.com/business/index.ssf/2010/10/nj_exit_tax_has_real_estate_at.html

October 18, 2010 at 6:05 pm Leave a comment

Bank of America delays foreclosures in 23 states

Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.

http://finance.yahoo.com/news/APNewsBreak-BofA-delays-apf-3343207402.html?x=0

October 2, 2010 at 2:15 pm Leave a comment

More information on Foreclosures

September 10, 2010 at 3:18 pm Leave a comment

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