75% of Americans support homeownership

WASHINGTON – June 15, 2011 – Nearly three out of four American voters believe that it’s reasonable and appropriate for the federal government to provide tax incentives to promote homeownership, a sentiment that cuts across partisan and regional lines across the country, according to a recent poll conducted on behalf of the National Association of Home Builders (NAHB).

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Which housing values have dropped most?

CAMBRIDGE, Mass. – June 8, 2011 – Lower priced homes have been harder hit than higher priced homes in the sluggish housing market, according to a study by Harvard University’s Joint Center for Housing Studies.

High-priced homes have lost 38 percent of their value since values peaked in 2006. Lower priced homes, on the other hand, have dropped 63 percent since peaking in 2007.

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Renovations Worth the Money Now

Whether they cook like Mario Batali or order nightly takeout, Americans invest in their kitchens. Even at the low point of the downturn, in 2009, homeowners spent an average of $27,300 on kitchen remodels, only an 8 percent drop from the peak of the boom, according to Harvard's Joint Center for Housing Studies.

Read more: 3 Renovations Worth the Money Now - SmartMoney.com

Mortgage matters

Is it more difficult to borrow money for a mortgage today than it was just three years ago when pretty much anyone with a last name was approved for financing? Yes -- and it should be to avoid the kind of foreclosure crisis we're facing right now. Is it impossible? No -- or at least it isn't for qualified buyers who do their homework first.

Mortgage matters

Why New Homes Don't Sell

Once a common home buyer's dream, new homes have lost some of their appeal. Instead, it's fixer-uppers and foreclosures that have been capturing buyers' attention, creating a window of opportunity for those still looking for new construction.

For the rest of this article: Why New Homes Don't Sell - SmartMoney.com

Home Buyers Go Hunting AloneB

After years of trepidation, home buyers are finally beginning to wade back into the housing market. But as they do, many are making the surprising choice to hunt alone, rejecting the assistance of what's known in real estate as a buyer's agent.

Read more: Do You Need a Buyer's Agent? - SmartMoney.com 

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