Andy's Blog

Freddie Mac CEO: Housing Is Near Bottom The inventory of foreclosed houses still hampers the recovery of the housing sector, but overall, the U.S. housing market appears to be at or near bottom, Freddie Mac CEO Charles Haldeman told the Detroit Economic Club on Tuesday. He predicted that the 30-y...

Big Test Ahead for Mortgage Market The cessation of the government program to buy mortgage-backed securities, set to end in a couple of months, will show whether the White House and Federal Reserve have effectively stimulated the lending market to the point that it is now on solid footing. If the...

Co-Op For Sale In Freeport, New York - MLS# 2252957 - $274,000.                   Awesome Quiet Co-Op Offers 2 Full Baths, Eat-In-Kitchen, Pergo Floors Thrughout, Cathedral Ceilings With Skylights, Washer & Dryer In Unit. Balcony With View Of Canal, Large Storage Area Inside Apartment, Small Pet ...

Co-Op For Sale In Middle Island, New York - MLS# 2301685 - $115,000.                   Spacious Ground Floor End Unit, No Unit Above! Beautiful Quiet Private Location. Custom Patio Off The Kitchen With Lake Views, Entry With Large Closet, Living Room/Dining Room, Efficiency Kitchen, Hallway Leads...

Homes For Sale In Seaford, New York - MLS# 2250210 - $405,000.                       Hi-Ranch Nestled On Oversized Property Offers Eat-In-Kitchen, Appliances Under 4 Years Old, Formal Dining Room, Living Room, 5 Bedrooms, 2 Full Baths, Roof Is Approximately 12 Years Old, Updated Windows Are 10 Ye...

Condos For Sale in Amityville, New York - MLS# 2239168 - $365,000.                     Ground Floor Corner Unit In Diamond+++ Condition, Ideal Location In Development, 3 Years Old, Pristine Unit, Stainless Steel Appliances, Granite Kitchen With Cherrywood Cabinets, Brand New Bath, Floors, Immacul...

6 Surprising Facts About the Buyer Tax Credit The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence ...

6 Surprising Facts About the Buyer Tax Credit The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence ...

Fewer Defaults: Could the Worst Be Over? The number of consumer loans that are going bad is leveling off, reports Bank of America, Wells Fargo and other large banks, signaling that the worst could be over. Bankers reported that credit quality is stabilizing with lending losses expected to peak th...

Tax Credit Encourages Buyers to Shop Early The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit. Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantag...