A daily dose of headlines for real estate agents, mortgage lenders and consumers.
| How Americans will rebuild wealth following the recession Newsweek: If people can no longer count on rising home values and the stock market as a way to build nest eggs, how are the average Joes among us ever going to accumulate any wealth? | Consider buying a home rather than paying dorm rent Washington Post: Parents benefit from tax deductions for real property taxes, depreciation, costs of repairs and replacements and travel expenses to maintain the investment property. |
| Home sales plunged in July The New York Times: The steep descent surprised nearly every analyst and put the volume of single-family home sales at the lowest level since 1995. | More negative news flow coming in Calculated Risk: The economy will avoid a technical double-dip recession, but the odds are uncomfortably high - and it will probably feel like a recession to millions of Americans. |
| Demand for mortgage-backed securities pushes rates down Washington Examiner: A further drop in rates probably would do little to increase home sales but could spur a flood of refinancing among those whove refinanced once under the new rules. | Why small businesses arent hiring The American: In the recoveries from the previous two recessions, small businesses led job creation. This time, however, small businesses arent hiring. |
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