Free Republic

Let's be honest: While I intend to buy a house next year, and have just met my savings goal to make it happen, I'm not capable of paying cash for the entire purchase. Instead, I'll be shopping around with the best mortgage lenders and financing my home purchase (except for my down payment). But in some alternate universe where I have more money to throw at a home purchase, I still wouldn't buy a house outright in cash. Here's why -- as well as you might want to think twice, too. 1. A home is not a liquid asset While...

Call The Rush Limbaugh Show program line between 12 Noon and 3PM Eastern Time at: 1-800-282-2882 E-mail Rush: ElRushbo@eibnet.com Fax Rush at: 212-445-3963 Write a letter to Rush and mail it to: The Rush Limbaugh Show 1270 Avenue of the Americas New York, NY 10020 Join This Ping List Now! Click Here To Join this Ping List! Image by Cool Text: Free Logos and Buttons - Create An Image Just Like This

WASHINGTON (AP) -- The home-buying season was a bust. March through August are typically the peak buying months. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago. And sales of previously occupied homes didn't fare much better. They nearly matched 2009's total for the peak buying months. And that was the worst since 1997. Combined, total sales this spring and summer were the weakest on records dating to 1963. The figures underscore how badly the housing market is faring and suggest that a recovery is years...

With the Dow Jones Industrial Average down more than 400 points today, and many market experts predicting more volatility ahead, some advisers are recommending their clients put some of their cash to another use: To buy that house or summer home at the shore. Getty ImagesPotential homebuyers certainly have plenty of incentives: Home prices are still way down in many parts of the country, and mortgage rates are nearing their all-time lows. Consider: The benchmark 30-year fixed-rate mortgage fell 1 basis point this week, to 4.45 percent — just a few basis points above the record low hit in October...