SANTA FE -- First-time homebuyers can find new financial assistance from the state and federal government.Gov. Bill Richardson and the New Mexico Mortgage Finance Authority announced a loan program Tuesday that will help lower-and middle-income New Mexicans make a down payment in buying their first house.The program takes advantage of a tax credit that was created as part of the federal economic stimulus ...
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CNBC coverage of panel discussion about stimulating the economy through housing.
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Associated Pressupdated 11:50 a.m. MT, Tues., Feb. 3, 2009
WASHINGTON - An index that tracks signed contracts to purchase existing homes rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest.It was the second positive sign in the past two weeks for the troubled U.S. housing market, and may indicate that a bottom is forming — at ...
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SANTA FE-Governor Bill Richardson announced Signet Solar will build the company's first North American solar panel production facility in Belen. The first phase of the plant will bring 200 high-wage jobs to the state and is scheduled to begin operations in 2010. Signet's long-term plans call for expansion and the creation of a total of 600 jobs."As Governor, I've been dedicated to making New Mexico ...
Dropping a home's price bit by bit is the worst-case scenario for home sellers, weakening their position in a buyer's market, experts say.
By Bankrate.com
It's the worst-case scenario for home sellers: to endure price cut after price cut until their houses become stigmatized and hungry buyers smell blood.
But how can you avoid this unpleasant situation in today's troubled housing markets? The ...
