Orlando Homeowners Desperate To Sell Their Homes

February 12, 2009
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It seems that residents are getting away from the United States’ skiing and snowboarding capital, Colorado as fast as they can. If not for anything else these homeowners are probably just in a hurry to get rid of the burden of paying housing mortgages that run so high these days.

One in three homeowners in Colorado is reportedly taking even a losing price just to sell their houses whose market prices have plunged 20 percent year-over-year. Take note of this Orlando house bought at $329,000 in 2006 but is now listed for sale on Zillow at a very low price. The homeowner is losing $40,000 in offering it at $289,000 only.

Another instance…

Homeowners To Enjoy $15,000 Tax Break

February 5, 2009
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Homebuyers now have more reason to rejoice despite the worsening economic crisis thanks to the approval of a $15,000 tax break for home buyers.  The Senate approved the bill with the hope of revitalizing the sagging housing industry.  This is considered a Republican victory and was passed without dissent. Some of the bill’s spending provisions however met opposition so the Republicans have no choice but to accept the spending reductions.

The homebuyers tax break bill was advanced by Senator Johnny Isakson with the intention of encouraging the revival of the housing industry which has further resulted to massive unemployment and other economic problems. Last year’s credit crisis has led to the…