“Feds!… Come and Take Them” United Security Sparta Bank is dead. by Soylent Green is People From the FDIC : Ameris Bank, Moultrie, Georgia, Assumes All of the Deposits of United Security Bank, Sparta, Georgia United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking…
The Conforming loan originations for Miami have dropped by over 50% when comparing September 2009 vs. September 2008. Click on the image below for a larger view. This market has probably not reached the bottom yet. Some estimates are suggesting that the median home price in Miami could drop…
 (1856545220).gif "The Scoop on the California First Time and Move-up Home Buyer Tax Credit: The $8,000 Extension and $6,500 Expansion")
After weeks of reporters jumping the gun and claiming several different versions of the First Time Home Buyer extension/expansion program had already been approved, we now have a finalized bill signed into law by President Obama on November 6, 2009. Not only has the original $8,000 First Time Homebuyer…
First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November…
In the past, I’ve strongly advocated for families to introduce their teenagers to financial reality as early as possible. I know that in my own case, I went off to college with almost no idea of how to manage my money and it really showed in the spending decisions…
From MarketWatch: Consumer debt drops for record 8th straight month Outstanding consumer debt fell at a 7.2% annual rate in September, the eighth consecutive decline, the Federal Reserve reported Friday. Click on graph for larger image in new window. This graph shows the year-over-year (YoY) change in consumer credit. Consumer…
Homebuyer Tax Credit Update! Things changed today for Oregon First Time Home Buyers and also for those looking to move up (or down) in home size. President Obama signed a bill today (Nov. 6, 2009) to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also…
 (288680934).gif "Maryland $8000 Home Buyer Tax Credit Extended")
The U.S. Senate & House have passed legislation to extend the Maryland $8,000 home buyer tax credit to May 1, 2010, for first-time buyers AND add a $6,500 tax credit for the existing homeowner if they’ve lived in their home for five of the past eight years. Maryland First-time homebuyers…
The [un]employment report headline numbers were ugly, but the internals are even less encouraging … Employment-Population Ratio Click on graph for larger image in new window. This graph shows the employment-population ratio; this is the ratio of employed Americans to the adult population. Note : the graph doesn’t start at…
From the BLS : The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000), the U.S. Bureau of Labor Statistics reported today. The largest job losses over the month were in construction, manufacturing, and retail trade. Click on graph for larger…