Jim Wasserman of the Sacramento Bee writes: A shattered California home building industry received a boost Wednesday when the state Senate voted to extend a popular $10,000 tax credit that fueled thousands of new-home sales last spring and summer.
The Senate voted 35-1 to reauthorize the use of $30 million in credits not awarded during the [...]
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Jim Wasserman writes in today’s Sacramento Bee: Loan modification firms that promise to help struggling borrowers get their mortgages rewritten have been banned immediately from asking for cash upfront.
Attorneys, too, who specialize in loan modifications are no longer allowed to ask consumers for payment before they perform services. The ban expires on Jan. 1, 2013.
The [...]
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Jim Wassrman writes: The annual real estate forecast season opened this week with an estimate that the end of 2009 won’t be much better than the beginning, and capital home builders will sell just 3,400 new houses, condos and town houses this year.
It’s hardly a wonder that home builders say their powerful industry, so long [...]
Continue reading about Home Front: Sacramento-area home sales seeing falling to 1967 levels