Comments on: President Bush To Sign Housing Bill http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm Your connection to Boston Real Estate Fri, 06 Aug 2010 16:25:21 -0700 http://wordpress.org/?v=2.8 hourly 1 By: corinna http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm/comment-page-1#comment-1508 corinna Sat, 06 Sep 2008 13:04:32 +0000 http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm#comment-1508 hi, yanny....your writte is easy to understand, thank you , I brought my home one year ago, now I"m a devaluated home owner, I will like to learn more about the new bill signed, and how it can help,.. something else..it is true, people in foreclosures or in short sale, can get a house tax break for the years 2008 and 2009...? where I can have more information? hi, yanny….your writte is easy to understand, thank you , I brought my home one year ago, now I”m a devaluated home owner, I will like to learn more about the new bill signed, and how it can help,.. something else..it is true, people in foreclosures or in short sale, can get a house tax break for the years 2008 and 2009…? where I can have more information?

]]> By: andar909 http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm/comment-page-1#comment-1401 andar909 Sun, 10 Aug 2008 20:41:43 +0000 http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm#comment-1401 hi, andar here, i just read your post. i like very much. agree to you, sir. hi, andar here, i just read your post. i like very much. agree to you, sir.

]]> By: Cahya http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm/comment-page-1#comment-1394 Cahya Sun, 10 Aug 2008 01:54:16 +0000 http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm#comment-1394 I'm agreed with Yanni. BTW, Nice to see the good blog. I’m agreed with Yanni.
BTW, Nice to see the good blog.

]]> By: yanni raz http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm/comment-page-1#comment-1369 yanni raz Wed, 30 Jul 2008 17:48:54 +0000 http://bostonrealestateblog.bushari.com/president-bush-to-sign-housing-bill.htm#comment-1369 How much is your home worth? Well, it all depends where you live. The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time. Is that disappointing? Of course it is. Should we sell? Is not a good time. Should we stick to it? Yes, if you can. Have we hit bottom? Nobody knows. Banks are facing their worst foreclosure crisis. Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %. Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return. The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 % How much is your home worth? Well, it all depends where you live.

The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.

Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.

Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.

The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %

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