Despite the slump, housing remains a good long-term investment—in the right markets The era of get-rich-quick real estate is dead. The era of increasing long-term wealth in your home is back.
On 12/22 Granholm vetoed MAR-supported legislation aimed at getting the housing market moving. Senate bill 77, passed both the House and Senate in the last days of the 2010 session, allowed foreclosed properties to retain their principal residence exemption for a period of up to 3 years. The bill was seen as a stepping stone … More principal residence exemption veto
Not long ago it looked like the housing market was on the mend in most major U.S. metropolitan areas. But now prices are falling fast again in many. Foreclosures and vacant homes lingering on the market are depressing prices, and the home buyer tax credit that expired in July is sorely missed. In September home … More Where Home Prices Are Falling Dangerously