A USA Today "snapshot" graphic, siting Century 21 survey of 1,000 prospective first-time home buyers conducted March 2-7 this year, showed that 41% were not aware of the home buyers tax credit (58% were, 1% "don't know"). Do the first-time home buyers you are working with understand the credit?
Wall Street Journal article "Foundation Backs Foreclosures Project" - http://tinyurl.com/cuufhv - Ford Foundation to invest $50 million in new non-profit venture helping municipalites buy foreclosed homes to step property value declines.
Wall Street Journal article "'Banker: What'd I Do Wrong, Officer?' Cop: 'You've Got Algae in the Pool, Sir'" - story of how Indio, CA and other towns are fining banks, threatening them with criminal charges if they don't maintain foreclosed properties. http://tinyurl.com/d7khvf
USA Today cover story "First-time buyers could help perk up house sales" - First-time homebuyers represented 53% of all home purchase transactions in March - up from 47% in January. http://tinyurl.com/ct8zt7
Wall Street Journal ran "A Short Sale May Not Mean You're Home Free" - http://tinyurl.com/c83uku
Helpful examples of tax consequences on short sales in this Wall Street Journal article "Tax Hits on Property Short Sales" - http://tinyurl.com/c7byrd
Case-Shiller home price index for February sales sited in Wall Street Journal's "Home Prices Sink Again, but Pace Is a Bit Slower" - http://tinyurl.com/dgtgjq - Detroit's 23.6% price decline from a year earlier exceeded the nationwide decline of 18.6%.
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