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Your Bi-Weekly Newsflash from
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A quick dash of news you need to hear
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| Washington Report: Lastest Attempt to Stimulate Real Estate |
One of the latest attempts to boost economic recovery was seen in the House on Friday, with the introduction of H.R. 384.
This bill, according to the National Association of Realtors, would require the Treasury Department to develop a program, outside the Troubled Asset Relief Program, to stimulate demand for home purchases and lower property inventories, by making affordable mortgages available for qualified buyers through interest rate buydowns.
Read on...
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Tough Times Can Turn Homeowners Into Landlords
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When Dave and Gina Schudi of Phoenix went house hunting last year [in Tampa, Florida], they knew the time was right to buy - not sell - a home.
So when they did purchase a new one, they rented out their old home.
"It all depends on the market," said Dave Schudi, who plans to sell the old house eventually. "We've got good renters in there."
Falling house prices and a slow market are forcing more homeowners to consider renting their properties.
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3450 Buschwood Park Drive
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