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Local Address: September 13, 2009 - September 19, 2009

Empty Nest, and the Weekend Poll

Things They Don't Tell You About Becoming an Empty-Nester: 1. You keep buying too much food. 2. The food goes bad because you don't feel like cooking. 3. With X-boxes, TVs, lightbulbs and computers no longer running constantly, your electricity bill should fall dramatically. 4. Your doorbell will last longer because nobody rings it anymore. 5. It's undeniably your fault when the house is a mess. 6. As soon as you adjust to points 1-5, they come back home to visit.

By Elizabeth Razzi  |  September 18, 2009; 6:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Funny , Home features , Poll , Weekend Poll  
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Fewer New Home Sales, But Greater Satisfaction

There may not have been that many people buying newly built houses lately, but those who did are pretty satisfied customers, according a survey by market researchers J.D. Power and Associates. Nationwide, overall consumer satisfaction hit 811 on a 1,000-point scale in their 2009 survey, up 32 points from last year. The most commonly reported complaints were with landscaping, heating and air conditioning, and kitchen cabinet quality and finish.

By Elizabeth Razzi  |  September 17, 2009; 6:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Home features , New construction , Statistics  
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Builder KB Home Starting Up Again in Washington Area

Signs of life in the Washington-area real estate market have caught the attention of at least one big builder. Los-Angeles based KB Home announced this morning that it would resume building in the Mid-Atlantic region, including Maryland and Virginia. The company pulled out of the market in April, 2008.

By Elizabeth Razzi  |  September 16, 2009; 10:04 AM ET  |  Permalink  |  Comments (1)
Categories:  The economy , The market  
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What's the Line on Extending the $8,000 Tax Credit?

Odds are improving that Congress will extend the first-time-home-buyer tax credit beyond the Nov. 30 deadline as it pushes to revive the housing market, said Jaret Seiberg, a policy analyst at Washington Research Group, a unit of Concept Capital. There’s a 60 percent chance that lawmakers will keep the tax credit intact especially since policymakers from both parties have voiced their support, including Senate Majority Leader Harry Reid, who represents foreclosure-plagued Nevada, Seiberg said. But fiscally conservative lawmakers may rally against it in part because it could cost at least $10 billion to extend the tax credit through Sept. 30, 2010, Seiberg said.

By Elizabeth Razzi  |  September 15, 2009; 6:00 AM ET  |  Permalink  |  Comments (8)
Categories:  Buying , Selling , The economy , The market  
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