Good News in Housing Market

[Aerosmith]

Good news for homeowners and prospective buyers. Looks like home price declines are slowly abating according to today's S&P/Case-Shiller Home Price Indices. The data through May 2009 shows that the annual rate of decline improved for the fourth consecutive month in 2009.




Am I recommending folks to buy a home now. YES, especially with low 15yr fixed @ 4.83% and 30yr fixed @ 5.44%. Let's not forget the Recovery and Reinvestment Act of 2009 which gives qualified first time home buyers a tax credit of up to $8,000.
Good luck

[AbdiWahab252]

Aerosmith,

Interesting post. I still dont believe home ownership is for everyone.

[FAH1223]

Aerosmith,

Interesting post. I still dont believe home ownership is for everyone.

i think its a curse

[AbdiWahab252]

FAH,


Yep, its a way to financially enslave you. I prefer either paying it off quickly rather than doing the 30 yr mortgage or finding a Xalimo with Section 8 & paying her $100 rent

[FAH1223]

FAH,


Yep, its a way to financially enslave you. I prefer either paying it off quickly rather than doing the 30 yr mortgage or finding a Xalimo with Section 8 & paying her $100 rent

$1200 rent for 4 Bedroom, 2 full baths, 2 half baths, basement in the metro area, i saw an ad for it... what-a-steal!

[AbdiWahab252]

FAH,

Better yet, $200 rent for a 3 bedroom apartment Section 8 in Reston All I need to do is move on in with her and the 2 daughters

[FAH1223]

FAH,

Better yet, $200 rent for a 3 bedroom apartment Section 8 in Reston All I need to do is move on in with her and the 2 daughters

5 bed room, 3.5 baths, basement for $2000/rent

DAMN... thats a good deal

[hypereffective]

Buying a house in America or Europe doesn't comply with the teachings of Islam. Therefore, Muslims who already bought a house should do their best to get ASAP out of the riba they're swimming in. There's no barakah in anything that involves riba.

[Niya]

Is Aerosmith out on bail or they have wifi in jail? Lol!


Bye the way are the bad boys of Boston still touring?

[Aerosmith]

lol@Niya. Haven't you heard they even have pools and cable in federal prisons.

[SummerRain]

I think i'll save my money and pay the house I purchase in cash inshallah( if I end up living here, though i doubt). Riba is no joke.