New York City state housing officials have approved a new law requiring landlords to reveal if bedbugs had plagued a rental apartment or building. The Disclosure of Bedbug Infestation History is to be signed by the landlord and new tenant when lease is prepared, giving tenants a choice to push through with the transaction or not.
SBA 504 Loans Raises Small Business Hiring
The Small Business Administration’s 504 loan program is specifically designed to give long term, fixed rate financing to small business proprietors for purchase of commercial real estate, costly equipment and machinery. Interest rates on SBA loans have recently fell for both 20-year and 10-year period loans, fortunately for the entrepreneurs.
Economy As Main Focus For President Obama
After one week of settling peace talks in the Middle East and the decision to bring troops back home from Iraq, President Obama and the White House are now gearing for a new top priority this week which is the economy.
Labor Day Woes: American People Find Little Cause To Celebrate
Every first Monday in September is a federal non-working holiday in America for the past century. However, this year’s Labor Day celebration seems to be bleak as a lot of people struggle with low salary and unemployment. The country is shrouded with pessimism.
Home Ownership At Its Lowest In 11 Years
A government survey released the past month revealed that the number of homeowners have hit a historic low, one more sign that the housing industry is still far from full recuperation. Down to 66.9% in the second quarter of this year from 67.1% in the 1st quarter, many economists believe that this is a significant piece of information for the real estate sector.
