Jeremy Salemson, CEO of Corporate Investors Mortgage Group, writes about trends in the real estate market affecting local buyers and sellers.
Mark Zimmerman of Re/Max Winning Edge in Durham and Chapel Hill sees a good trend for housing in 2010. He notes that the Triangle saw fewer foreclosures than other areas of the country and could recover more quickly because if it.
In addition to the tax credit, those who buy a home this spring can earn an additional 3.5 percent from Fannie Mae.
Gary Mosher, co-founder and owner of Tate-Mosher Appraisal Group, Inc., joins us this week to explain how buyers and sellers can be sure to get the best data from the appraisal process.
As the pool of FHA loans has continued to increase significantly over the past couple of years – FHA is now implementing stricter measures to protect itself and the American consumers – against larger than necessary default numbers in its portfolio.
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Local Tech Wire
MORRISVILLE, N.C. – Despite Google’s decision to delay its Android operating system-based mobile phone in China, Lenovo plans to release its own Android device in May.
Lenovo, the world’s No. 4 PC maker which is based in Morrisville, recently reacquired its mobile phone subsidiary that is developing what is called “LePhone.”
"LePhone uses the Android operating system but we tailor our phones with our own applications,” Lenovo Chief Technology Officer He Zhiqiang said, according to Dow Jones news service.
“We are cooperating with other major Chinese Internet service providers including Sina, Sohu and Tencent," he added.
Google (Nasdaq: GOOG) is locked in a debate with the Chinese government...
This week I’d like to tackle one well known topic – the housing tax credit – and one lesser known subject matter – the fundamentals of pricing in the Mortgage Insurance world.
Let’s get right into the tax credit.
In today’s world of technology, it would seem as though a quick and easy electronic tax filing would be the most expeditious route in order to get your tax credit funds, but that is not necessarily the case.
Due to fraud concerns and the new tax form 5405 which is required with your submission – the tax credit submission process is going to be long and drawn out. The IRS is estimating that it will take three to four months to receive your refund due to the number of traditionally submitted tax credit returns this year.
In addition to the form 5405, the following supporting documentation must also accompany the form and your returns:
We're watching the data this week for signs of inflation and pressure on interest rates.
In a visit to New York City, I stopped by The Early Show for a visit. The CBS stars there were good enough to share their insight about the economy, the recovery and what they see coming in 2010.
The Christmas Holiday brings us a shortened economic schedule this week – so as we wrap up 2009 and head into 2010, I want to discuss a few of the important economic data points for us to be watching over the next week or so.
The FHA and USDA loan programs can help buyers with little money to put down get into a home.
Commercial real estate is the sector to watch in coming weeks, according to the Feds' "Beige Book" of economic data.
Conditions across the country are “weak” and potentially “further deteriorating."
Raleigh Realtor Linda Craft says the combination of tax credit and low interest rates make now the time to buy a home.
The holiday shopping season will show whether increases in home sales and prices and consumer confidence are sure signs that the recovery has begun.
Closing attorney Michell Congleton has seen the the homebuyer tax credit boost sales of homes under $300,000. In a volatile market, diversity has helped her firm.
