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5 Hidden Tax Perks for Homeowners
Tweet Share on Facebook April 2, 2009 CommentHere's a story I just finished about hidden tax breaks for homeowners.
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Manhattan Home Sales Plummet
Tweet Share on Facebook April 2, 2009 Comment (1)Corcoran Report's first quarter look at the Manhattan residential real estate market found that home sales dropped precipitously and prices fell as well:
The number of sales fell significantly in Manhattan during First Quarter 2009. The ongoing recession and economic turmoil are clearly having an adverse effect on sales volume. Due to the seasonality of the market, the first quarter typically experiences an increase in sales volume compared to the fourth quarter, but this year there was a 27% decline in sale volume from Fourth Quarter 2008 to First Quarter 2009. Versus First Quarter 2008 we estimate that sales are down approximately 52%, making this the sixth straight quarter of year-over-year sales declines (based on a reasonable estimate of First Quarter sales accounting for the typical lag time between a closing and its reporting in the public record).
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Top 10 Most Expensive Cities for Expatriates
Tweet Share on Facebook April 2, 2009 Comment (1)Mercer has released a study outlining the world's most expensive cities for expatriate rental property. Here are the top ten:
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The Bailout: Will it Blend?
Tweet Share on Facebook April 1, 2009 Comment (1)You can't be pleased about all your tax dollars going to rescue bankers and car makers, but will the bailout blend? Find out here. (via Calculated Risk)
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February Pending Home Sales
Tweet Share on Facebook April 1, 2009 CommentThe National Association of Realtors reported Wednesday that pending home sales for February--that's signed contracts, not closed sales--fell slightly from a year earlier, but inched higher from January. (The year-over-year change is the better indicator.)
From the report:
The Pending Home Sales Index a forward-looking indicator based on contracts signed in February, rose 2.1 percent to 82.1 from a reading of 80.4 in January, but is 1.4 percent below February 2008 when it was 83.3…
