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Local Address: June 21, 2009 - June 27, 2009

Taking Stock of Your Stuff, Plus the Weekend Poll

Okay, this one would have to be a project for a really rainy weekend, but the IRS has published a free guide, Publication 584, Casualty, Disaster and Theft Loss Workbook, that can help you inventory all your belongings--and their values. It's info that becomes invaluable if catastrophe, say a flood, fire or hurricane, were to hit and you have to file an insurance claim--and to report your losses on an income tax form.

By Elizabeth Razzi  |  June 26, 2009; 6:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Home features , Insurance , Remodeling and repair , Weekend Poll  
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Appraisers Blamed for Killing a Market Recovery

There's a Catch-22 that always arises when home prices start to increase near the end of a recession. Even though buyers are willing to pay more, appraisals often come in lower than the agreed-upon price because they're based on comparable sales from three-to-six months earlier, when prices were bottoming. Real estate agents and mortgage brokers say it's happening now, and that it's disrupting sales.

By Elizabeth Razzi  |  June 25, 2009; 6:00 AM ET  |  Permalink  |  Comments (11)
Categories:  Mortgages , The economy , The market  
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Help for Renters After Landlord's Foreclosure

It's one thing to know about your rights; it's another thing to know how to assert them. Renters wondering how they can assert their rights to remain in their home after the landlord has lost it to foreclosure can find answers from an online legal toolkit put together by the National Low Income Housing Coalition and the National Housing Law Project. You don't have to have a low income to benefit from the information.

By Elizabeth Razzi  |  June 24, 2009; 6:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Foreclosure  
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D.C. Area Makes All the Best Lists

Brace yourself for more cars moving vans on Washington-area roads: Two national magazines, Kiplinger's Personal Finance and Forbes, have us on their "Best of" lists.

By Elizabeth Razzi  |  June 23, 2009; 6:00 AM ET  |  Permalink  |  Comments (0)
Categories:  The economy , The market  
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Younger Home Buyers Will Be Less Wealthy

The Echo Boomers will probably have less money to spend on housing--and other needs--than their predecessors. "The depth of the downturn may, for the first time in at least 40 years, reduce the real median household incomes of each 10-year [age group] relative to its predecessor by 2010," says the report. That new decade happens to start in only seven little months.

By Elizabeth Razzi  |  June 22, 2009; 6:00 AM ET  |  Permalink  |  Comments (4)
Categories:  Statistics , The economy , The market  
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