Parents, family step up to help young people buy homes, build wealth - 2005-03-07
Larry Tschirhart was more than happy to assist his 23-year-old daughter, Amber, acquire her first home in Dallas.

It’s a great way to get children started on building wealth, said Craig Jarrell, president of the Dallas, Texas, region of Pulaski Mortgage Co.

“Talk about a wonderful way to transfer wealth between the generations,” he said. “Just give them a 20 percent stake in their house.”
Read the full story at Wilkes Barre Times-Leader

Soaring home prices boost gains, worries - 2005-03-07
Location. Location. Location. With this state a people magnet, the still-good news is Florida placed fifth nationally in housing appreciation in 2004.

Market experts expect at least another year of double-digit appreciation. Most of the credit must go to mortgage rates that remain stubbornly below 6 percent - lower than the 6.5 to 7 percent range Federal Reserve chairman Alan Greenspan and his merry team of interest-rate hikers would like.
Read the full story at St. Petersburg Times