Aggressive marketing tactics for Hong Kong residential property that helped turn the 46th floor of a landmark development into the 88th floor will soon be toned down.
http://tinyurl.com/wsj-hongkongcondo
By CONOR DOUGHERTY and JOHN D. MCKINNON
Sales of existing homes surged 9.4% in September to a seasonally adjusted annual rate of 5.57 million units, as lower prices and the looming expiration of a federal tax credit lured more buyers into the market.
The data, released Friday by the National Association of Realtors, portrayed a housing market [...]
If you are a first time homebuyer i.e. someone that has not owned a home in the last three years you may be able to claim the government’s $8,000 credit. To qualify single tax filers may not earn or than $75,000 per year - joint/married tax filers income cannot exceed $150,000.
Tens of thousands of [...]
Case-Shiller, the most respected index of home values, just released their July report, which showed continued improvement of home values (though still down significantly from peak values).
SocketSite has an extended article describing how the report applies to the SF Metro Area: http://www.socketsite.com/archives/2009/09/july_spcaseshiller_san_francisco_msa_continues_mom_upti.html
The new Case Shiller report PDF can be found here: http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_Release_092955.pdf
Remember the [...]