Archive for May 2009

Posted: 6 May 2009 Source:cnnmoney.com By: Les Christie, CNNMoney.com staff writer Link: http://money.cnn.com/2009/05/05/real_estate/underwater_homeowners/index.htm?cnn=yes Study finds more than 20% of U.S. homeowners – about 20 million residences – owe more than their homes are worth. NEW YORK (CNNMoney.com) — More than 20% of American homeowners owe more on their mortgage debt than they can sell their [...]

Posted 4 May 2009 Source: cnbc.com Link: http://www.cnbc.com/id/30559126 Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom. Meanwhile, US construction spending rose a slim 0.3 percent in March in the first increase since [...]

Interesting that the paper posted the same date range this week as last week.  I wonder if the person in charge of this was on vacation. Source: Real Estate Section Milwaukee Journal Sentinel 3 May 2009 30-year mortgages rates tie record low, Fraddie Mac says Rates on 30-year mortgages tied a record low last week, [...]

So Greenfield will be sending out new assessments this year, something that hasn’t been done since 2003.  Many people think that because their assessed value will go up about 24% that they will in turn be seeing their tax bill increased proportionally.  In general this not the case.  The only way a persons taxes can [...]

A buyer I am working with that tells me his friend at Greenfield City Hall told him, properties are selling for below assessed value. This really has put me in a tough spot with the buyer as Greenfield has not changed the assessment values since 2003.  Can this person be suggesting that a home in [...]