Archive for December, 2009

Senate Health Care Bill Threatens Home Building Recovery

December 22, 2009
By Kevin McVicker

  Last-minute provision would require many small construction firms to provide health insurance to all employees. Hannah Schroder, HousingZone Contributing Editor December 22, 2009 HousingZone In an attempt to garner the votes needed to pass a massive health care overhaul before Christmas, Senate Democrats have included a last-minute provision targeting the construction industry that...
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Buyer’s Market or Seller’s Market? Which is it?

December 17, 2009
By Kevin McVicker

  Actually, it is neither.The truth is it is actually a lender’s market!  It is also true that to a degree it has been a buyer’s market for most of the country.  This occurs when the supply of homes for sale exceeds demand, creating a situation where homes take longer to sell and where...
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Fannie Mae Sets New Rules

December 9, 2009
By Kevin McVicker

Fannie Mae calls its latest REO home sales program “First Look”, which clearly favors “owner occupants” and penalizes real estate investors!   That’s because the “first look” at all of Fannie’s new REO listings, starting this month, will now go to home buyers who plan to occupy the units they purchase, or to local...
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