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Tag Archive
The world according to Shiller: Hedging on real estate
Bob Shiller is on a roll. He predicted the bursting of the dot.com bubble and in 2003, long before it was common knowledge, warned of the impending housing collapse. Katie Benner of Fortune Magazine recently wrote about Professor Shiller, reminding readers that Bob Shiller “didn’t kill the housing market, he just predicted its demise.” »
Financial problems? Get help now PA!
A new cooperative program provides free legal/financial advice to Pennsylvanians with financial troubles. »
House passes historic preservation program legislation
House Bill 42 (Freeman, D-Northampton) provides grants to owners for up to 70 percent of the costs of exterior rehabilitation or restoration work that meets the criteria for historic properties with a maximum reimbursement of $15,000. The legislation also provides tax credits up to $500,000 to owners who are restoring commercial properties. »
Financial pain is spread unevenly in mortgage crisis
A recent Associated Press study reports that as many as one-third of borrowers possess unaffordable mortgages. This finding shields the growing inequality across America by race, income, education, and other social factors. »
SFI – Financially qualifying the seller
OK, PAR does not have a Seller Financial Information form similar to the familiar BFI, but…should we? At a time when so many sellers are “short” or “upside-down” aren’t there compelling reasons for listing and selling agents to qualify sellers at the threshold of a potential listing or transaction? »
