Housing

Society
11:17 am
Tue June 24, 2014

How Much House You Can Buy, In 385 U.S. Cities

Houses.
Isaac Brekken AP

Originally published on Tue June 24, 2014 4:56 pm

Are home prices cheap in your city right now?

It's common to answer this question by talking about how prices today compare with prices last year, or to look at how prices in your city compare with prices in other cities.

But there's another way to frame the question: Compare home prices with income. You would expect that the ratio would be similar in different places. In cities where incomes are higher, home prices should also be higher. In cities where incomes are lower, home prices should also be lower.

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Government
7:34 am
Wed November 21, 2012

Conway Joins Effort to Extend Tax Relief to Hurting Homeowners

Credit conwayforcongress.com

Kentucky Attorney General Jack Conway joined an effort to urge Congress to extend tax relief to homeowners who have had mortgage debt canceled or forgiven because of a decline in housing values. Since 2007 mortgage debt that is forgiven after a foreclosure or short sale can be excluded from a taxpayer’s taxable income. But that exclusion will expire at the end of this year.

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Business
8:16 am
Thu November 15, 2012

Illinois Foreclosure Rate on the Rise

Credit http://www.iconfinder.com

Illinois' home foreclosure rate rose 6 percent in October compared to the previous month, and was 19 percent higher than in October of last year. A RealtyTrac report released Thursday shows Illinois with almost 15 thousand foreclosure filings last month, the third-highest rate in the nation. Filings include default notices, auction-sale notices and bank repossessions. Nationally, October's foreclosure activity rose 3 percent from the previous month but fell 19 percent from October of 2011.

Society
3:37 pm
Wed October 24, 2012

Providing Affordable Housing and New Taxpayers to Hopkins Co.

hopkinscountyhabitat.com

Habitat of Hopkins County has built 57 homes since 1990, involving families, many volunteers, and robust fundraising. Hopkins County Habitat for Humanity aims to build 4 new homes this year.  Its executive director Heath Duncan is with us on Sounds Good to talk about how they get this done with local volunteers and “caravaners.”