Quoted: All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2 percent ...

This is positive news, but my greatest concern is the last line in the quoted sentence, "The government's tax breaks have spurred sales to their highest level in nearly three years." What happens when the tax break ends in June? We cannot afford to extend the credits indefinitely - or can we afford not to?

Quoted: Stocks got off to a positive start after a report from the National Association of Realtors said home resales jumped 7.4 percent in November. That was much more than the 2.5 percent increase analysts expected. The government's tax breaks have spurred sales to their highest level in nearly three years.

Still far below the national rate, but it's increasing.

Quoted; RealtyTrac Inc. said the report also shows one in every 417 U.S. housing units received a foreclosure filing in November. In Washington state, there were 3,288 foreclosure filings last month, with one in every 835 housing units receiving a foreclosure notice in November — a 15 percent increase from November 2008.

But sales were up...a lot.

Mixed string of news about the market over the past year, which is why I'm so hesitant to say we have recovered. The economic and housing situation is not simple; many factors still at play that are influencing pricing, demand from buyers, and supply of housing being released.

Quoted: According to data collected by the Northwest Multiple Listing Service (NWMLS), the average sale price of a home in King County last month was $415,581, down from $421,521 in October and well off the average sale price of November 2008 of $440,062. The median (half sold for more, half for less) sale price in King County last month was $337,000, down from $349,950 in October and down from $365,000 in November 2008.

My mom's family has one of these towers in Guangdong province and it is also in disrepair since her family there doesn't take care of it. It was on its way to getting protected status and money from the government, but the people living there have to move out - which so far they have not agreed to.

Quoted: Towers and mansions built in the early 20th century by wealthy overseas Chinese are being left to rot as relics of a bygone age.

Short sales and foreclosures affect homeowners differently depending on individual situations, but the experts generally agree that short sales are less damaging to one's credit.

Quoted: You have to keep in mind that credit scoring is accumulative, everything is factored to come up with those three scores that are suppose to reflect your current credit. The only real good news about credit scoring is that your scores are temporary–they are changing constantly. Pay down a credit card, establish good payment history on your installment loan and your scores will improve over time.

Quoted: A second piece of legislation, House Resolution 3854, passed the House of Representatives and was referred to the Senate Committee on Small Business and Entrepreneurship this week. It amends the Small Business Act and the Small Business Investment Act of 1958 that, among other things, would authorize the small business administration to originate loans to homeowners of properties built with Chinese drywall to pay for its repair or replacement.

It's about time measures to incentivize banks and home owners to get short sales done is introduced.

Quoted: HAFA allows the borrower to receive pre-approved short sale terms before the property is listed and frees them from future liability for the debt. Also, servicers utilizing the program are prohibited from requiring a reduction in the real estate commission agreed to in the listing agreement. The borrower also receives a $1,500 incentive for relocation after the transaction. The servicer receives a $1,000 incentive to cover administration and processing costs, and investors will be paid a maximum of $1,000 for allowing up to $3,000 in short-sale proceeds to be paid out to subordinate lien holders. In total, each transaction under HAFA will cost the Treasury up to $3,500 of incentive payments.

Quoted: <p>There are more than 400 parks and open spaces in Seattle. While everyone has their favorites, there are dozens you've probably never heard of.</p>