The Sun's Financial Diary

Another piece of good news for first-time home buyers from Washington.
U.S. Senate on Wednesday approved a provision that will first-time give homebuyers up to $15,000 tax credit as part of the stimulus plan sought by President Obama. According to an article on NYT, the measure
would give buyers a tax credit of 10 percent of the [...]

Has the housing market bottomed?
It doesn’t look like so, at least not from what we can see from the S&P/Case-Shiller Index. Standard & Poors today leased its S&P/Case-Shiller Home Price Index for October 2008 which shows a 18% plunge of U.S. residential home prices in the past 12 months.

The index has fallen every month since [...]