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	<title>Waller Homes &#38; Land</title>
	<link>http://wallerhomesandland.com</link>
	<description>Real Estate Info, Tips and Trends</description>
	<lastBuildDate>Sat, 03 Jul 2010 19:39:57 +0000</lastBuildDate>
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		<title>Tax Credit Extension Passes; Senate OKs Flood Bill</title>
		<description><![CDATA[
			
				
			
		
After a close brush with a deadline that could have impacted tens of thousands of home buyers, the U.S. Congress last night passed an extension of the Home buyer Tax Credit closing deadline.
The extension is included in the Home Buyer Assistance and Improvement Act (H.R. 5623) and will prevent as many as 180,000 home buyers [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/tax-credit-extension-passes-senate-oks-flood-bill/</link>
			</item>
	<item>
		<title>Single Buyers Choosing Suburbia Over Cities</title>
		<description><![CDATA[
			
				
			
		
Some 52 percent of single home buyers in April chose suburban locations over urban and rural areas, according to a survey by Coldwell Banker of 1,000 single buyers.
· More than 53 percent of single home owners reported that they purchased a home because it was more cost effective than renting in their area, while 68 [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/single-buyers-choosing-suburbia-over-cities/</link>
			</item>
	<item>
		<title>What to Do If the Oil Spill Affects Your Market</title>
		<description><![CDATA[
			
				
			
		
Anyone trying to rent or sell a property on the Gulf Coast should keep these issues in mind.
• Don’t panic. The next few months could be difficult, but this too shall pass.
• Be forthright. Address the issues on your Web site and on the Web site for your client’s property. Say something like, “We know [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/what-to-do-if-the-oil-spill-affects-your-market/</link>
			</item>
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		<title>Is a Housing Shortage Coming?</title>
		<description><![CDATA[
			
				
			
		
Some experts are saying that the next big real estate problem could be a shortage of homes.
Only 672,000 new homes were started in April. That’s less than half the number needed to meet the country’s average population growth.
In the past, an average of more than 1.3 million households have been built each year, creating demand [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/is-a-housing-shortage-coming/</link>
			</item>
	<item>
		<title>Dealing With IRS Tax Credit Rejections</title>
		<description><![CDATA[
			
				
			
		
The IRS has been rejecting first-time home buyer claims from anyone who shows a Form 1098 Mortgage Interest Expense in their prior year files.
In many cases, the applicants are entitled to the credit because their previous mortgage interest deduction is for a timeshare, mobile home, boat, or other recreational property.
If you have a client who [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/dealing-with-irs-tax-credit-rejections/</link>
			</item>
	<item>
		<title>Jobs Key to Housing Recovery</title>
		<description><![CDATA[
			
				
			
		
Some recovery in the labor market and record low mortgage rates could help offset some of the pressures on the housing market, according to a new study released by the Joint Center for Housing Studies at Harvard University.
&#8220;Right now, economists expect the unemployment rate to stay high, but if employment growth surprises on the upside [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/jobs-key-to-housing-recovery/</link>
			</item>
	<item>
		<title>Lenders Warn Foreclosure May End in Lawsuit</title>
		<description><![CDATA[
			
				
			
		
The housing crisis will spark a wave of lawsuits filed by lenders seeking to recoup loses on home sales and foreclosure auctions that do not return enough money to pay the mortgages in full, according to real estate and legal experts.
Experts predict that mortgage companies will begin to sue home owners in the next two [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/lenders-warn-foreclosure-may-end-in-lawsuit/</link>
			</item>
	<item>
		<title>FHA Delinquencies Decline for Third Month</title>
		<description><![CDATA[
			
				
			
		
For the third consecutive month, the number of delinquent home mortgages insured by the Federal Housing Administration has declined.
The delinquency rate is still high – 8.5 percent in April – but that is down from 9.4 percent in January.
The FHA was unwilling to applaud this as good news. &#8220;We&#8217;re not declaring victory by any stretch,&#8221; [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/fha-delinquencies-decline-for-third-month/</link>
			</item>
	<item>
		<title>A Real Estate Recovery in 2013</title>
		<description><![CDATA[
			
				
			
		
Economists speaking at the recent annual meeting of the National Association of Real Estate Editors said the housing market likely will not recover until 2013.
Stan Humphries, Zillow chief economist, said home prices continue to decrease, and he sees the &#8220;tremendous amount of shadow inventory&#8221; delaying recovery. &#8220;We think the market will be flat in nominal [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/a-real-estate-recovery-in-2013/</link>
			</item>
	<item>
		<title>NAR Praises House Passage of FHA Reform Bill</title>
		<description><![CDATA[
			
				
			
		
The National Association of REALTORS® applauded the House for overwhelming passage of FHA reform legislation that would allow the Federal Housing Administration to adjust monthly premiums on mortgage insurance.
This bill, H.R. 5072, FHA Reform Act of 2010, would strengthen the FHA loan insurance program while keeping it available and affordable to responsible home buyers. Allowing [...]]]></description>
		<link>http://wallerhomesandland.com/2010/07/nar-praises-house-passage-of-fha-reform-bill/</link>
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