Not everyone can have the privilege of living in New York’s well-manicured lawn homes so these streets are always a source of envy. Garden City in New York is just 20 miles east of Manhattan and is populated by as many as 21,672 persons. However, those who live behind these picture-perfect homes are being levied high property taxes.

Residents of Nasau County, which is the fourth highest when it comes to property tax rate, pay 8% of their annual income or an average of $8,153. This is however cheap compared to Little Falls which has the highest property rate in the country. Residents of Passaic County in Little Falls spend 8.8…

The $8,000 tax credit for first time home buyers is partly responsible for the increasing affordability of homes and the corresponding rise in home sales. The real estate scene is expected to get better after Secretary Shaun Donovan of the HUD confirmed that the $8,000 tax credit can now be monetized by first time home buyers through recognized lenders and government agencies.

This was a response to the clamor from consumers for the monetization of the $8,000 federal tax credit instead of being credited to the buyers later on in terms of a check from the IRS. This will allow home buyers to get an additional $8,000 which they can use…