Cash for Caulkers – Tax Rebates for Going Green

December 30, 2009
We all look forward to this program talking off.  Cash for Caulkers is an attempt to dramatically increase efficiency efforts.  This could stimulate the economy by creating more jobs, as well as help climate change.

“The program contains two parts: money for homeowners for efficiency projects, and money for companies in the renewable energy and efficiency space.”

Here is more information from CNN.com:

http://money.cnn.com/2009/12/08/news/economy/president_energy/index.htm

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White House tries to spur mortgage relief plan

Nov . 30, 2009 Article from the Associated Press:

“WASHINGTON – Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes.

Treasury Department officials said Monday they will step up pressure on the 71 companies participating in the government’s $75 billion effort to stem the foreclosure crisis. The will start this week by sending three person “SWAT teams” to monitor the eight largest companies’ work and requesting twice-daily reports on their progress.”

Read Full Article:

http://www.msnbc.msn.com/id/34204856/ns/business-real_estate/

Government Announces Short Sales Guidelines

Chances are, you or someone you know in Tempe, Scottsdale or Phoenix is facing the possibility of foreclosure. But you need to understand that you are not alone.

Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it’s important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

Through my experience handling distressed properties, I’ve found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.

For more information and expert advice visit:

www.myazshortsaleexpert.com

Also, the Government Announced new Short Sale Guidelines:

The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly.

To qualify under these new guidelines:

  • The property must be the home owner’s principal residence.
  • The home owner must be delinquent on the mortgage or close to defaulting.
  • The loan must have been made before Jan. 1, 2009, and be for less than $729,750.
  • The borrowers’ total monthly mortgage payment must exceed 31 percent of their before-tax income.

Click here to get the full story: http://www.realtor.org/RMODaily.nsf/pages/News2009120201?OpenDocument

10 Green Updates add value to your home

More contemporary home buyers are looking for sustainable green features.

Why Green?

“Green” is not limited to renewable resources. It also refers to energy conserving features that limit the impact on the environment. Energy conserving features save money by decreasing utility costs, and that is music to homebuyers’ ears! The following are some relatively easy to implement green ideas that are likely to increase the green in a home sale. Here’s wishing you safe green cleaning.

10 Green Ideas that Pay Off!

 http://www.homestagingchannel.com/10-green-updates-i-71.php

LED Light Bulb vs CFL Light Bulb

According to Eartheasy.com, LED light bulbs will eventually be what we use to replace incandescent bulbs.

“CFLs are a temporary solution to energy-efficient lighting. The reason LEDs have not yet displaced CFLs from the market are twofold: the first generation LED bulbs had a narrow and focused light beam, and the cost of the LED bulbs was too high.

Recent developments in LED technology, however, have been addressing these issues. LEDs have been ‘clustered’ to provide more light, and mounted within diffuser lenses which spread the light across a wider area. And advancements in manufacturing technology have driven the prices down to a level where LED bulbs are more cost-effective than CFLs or incandescent bulbs.

This trend is continuing, with LED bulbs being designed for more applications while the prices are going down over time.”

http://www.eartheasy.com/live_led_bulbs_comparison.html

Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink

According to National Association of Realtors®,  existing-home sales showed another big gain in Octorber driven by the first-time buyer tax credit.

More information from realtor.org:

Existing-home sales – including single-family, townhomes, condominiums and co-ops – surged 10.1 percent to a seasonally adjusted annual rate1 of 6.10 million units in October from a downwardly revised pace of 5.54 million in September, and are 23.5 percent above the 4.94 million-unit level in October 2008. Sales activity is at the highest pace since February 2007 when it hit 6.55 million.

Lawrence Yun, NAR chief economist, was surprised at the size of the gain. “Many buyers have been rushing to beat the deadline for the first-time buyer tax credit that was scheduled to expire at the end of this month, and similarly robust sales may be occurring in November,” he said. “With such a sale spike, a measurable decline should be anticipated in December and early next year before another surge in spring and early summer.””

http://www.realtor.org/press_room/news_releases/2009/11/record_big

Existing home sales at highest level since 2007

According to CNN Money, Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units.

“Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.

The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million units, up from the downwardly revised rate of 5.54 million in September.

Sales activity is the highest since February 2007, when the annual rate was 6.55 million.”

Read Full Story:

http://money.cnn.com/2009/11/23/real_estate/existing_home_sales/index.htm