NEW YORK (CNNMoney..com) — The Great Recession has ravaged savings and boosted unemployment rates, forcing people become more conservative with their cash. It has also made homes a lot more affordable — at least for those people still working.
The typical American family, making the nation’s median income of $64,000 a year, could afford […]

The government’s definition for a first time home buyer is surprisingly a mis-nomer.  The President’s stimulus program which he signed last week applies to a broader range of buyers defined as follows:
First-time homebuyers are people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at […]

Finally, Congress understood that our economy’s recovery depends on the recovery of housing and jobs market.
Congress has voted overwhelmingly to extend the $8000 tax credit to first time homebuyers for another 7 months and expanded the program to avail $6500 to secondary home buyers.  This means that investors will get a boost in purchasing investment […]