Why have many of the local housing markets that were hit hardest during the bust – especially in California – bounced back so vigorously and quickly, with prices close to or exceeding where they were in 2005 and 2006?
For the growing numbers of home purchasers who care about energy efficiency, it’s the ultimate “green” goal: Lenders should recognize the net savings that energy improvements provide to property owners and take them into account when they underwrite and set the fees for mortgages. Appraisers should also recognize the added value.
Haven’t we seen this movie before? On Capitol Hill for the second year in a row, key federal tax assistance for homeowners is heading for expiration within weeks. And there’s no sign that Congress plans – or has the minimal political will – to do anything about it.
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