To help create jobs and set the stage for a strong recovery, the National Association of Home Builders (NAHB) called on Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire on December 1.
Specifically, NAHB ...
Real estate agents in the US are reporting another increase in residential property sales, the third monthly rise in a row, giving rise to further talk of a recovery in the beleaguered property market.
The latest figures from the National Asso...
Did you know that nearly 1 in 4 homes currently for sale have had their price cut at least once – for a shocking total of $27.4 billion off the original list prices (that’s more than the GDP of El Salvador)! So what does that mean for today...
Press Release July 1, 2009 from the Federal Housing Finance Agency:
FHFA Authorizes FANNIE MAE and FREDDIE MAC To expand HARP, (Home Affordable Refinance Program), to 125 PERCENT LOAN-TO-VALUE. Read the full press release here:http://www.fhfa....
Spent the last several days making follow-up calls to prospective buyers; whether they’re from New Jersey, Calgary or Berlin they’re singing a similar tune – “We’re watching the market and waiting,” The message I’m taking to my bu...
Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market.
With the tax credit scheduled to expire in fall, some business groups say...
FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban ...
Construction of new homes leapt back in May after dropping sharply a month earlier, the government reported on Tuesday, signaling that the housing and construction markets may be hitting a bottom.
Housing starts in the United States rose 17.2 ...
June 10 (Bloomberg) — Lawmakers are pushing to revive legislation in the Senate that would almost double an $8,000 tax credit for first-time homebuyers and expand the program to all borrowers.
Senator Johnny Isakson, a Georgia Republican, in...
WASHINGTON – The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in more than seven years, a sign that sales are finally coming to life after a long and painful slump.
...
