As the lousy economy makes large homes tough to maintain – and the tight credit market makes them even tougher to sell – the rules for remodeling are undergoing their own extreme makeover.
Foreclosures in many parts of the country re at near-record levels, and recent declines in both property values and employment mean that more homeowners will land in foreclosure this year.
With bargain prices, low interest rates and an $8,000 federal tax credit for first-time homebuyers, it seems like the perfect time to buy a first home.
