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From the monthly archives:

March 2010

Buffett Predicts Downturn Will End in 2011

by Tayeb Realty GroupMarch 2, 2010 commercial real estate

Billionaire investor Warren Buffett predicted that the real estate market downturn will end by 2011 as the housing inventory declines. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote in his annual letter to the shareholders of Berkshire Hathaway, where he is chairman and CEO. “Prices will remain far [...]

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Reduction of Mortgage Tax Breaks Unlikely

by John TayebMarch 2, 2010 Home Buyer Tax Credit 2009

So far, Congress is ignoring President Barack Obama’s budget proposal to reduce deductions for mortgage interest and real-estate taxes. The president proposed that taxpayers would save 28 cents of tax liability for every $1 of mortgage interest or taxes, down from the current 35 cents. Congressional representatives on both sides of the aisle have concerns [...]

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Buyers Should Consider Prepaying Mortgage

by Tayeb Realty GroupMarch 1, 2010 Housing Market News Update

Should home buyers with sufficient cash pay down their mortgages or put the extra money in investments or savings? Financial experts say the choice depends on the home buyer’s employment prospects, current savings, and investable assets. If life looks a little uncertain, they advise putting the money in a safe place, like a savings account. [...]

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