Take Advantage of the Extended Tax Deduction
Hats off to the National Association of Realtors (NAR) and its lobbying efforts for bringing us fantastic news out of Washington, D.C.–lawmakers have extended the homebuyer tax credit to April 30, 2010. And they’ve sweetened the deal: ...Index shows moderate gain in home prices in September
The Standard & Poor’s/Case-Shiller index is up 0.3% from August in 20 U.S. cities. Home prices in 20 U.S. cities ticked up modestly in September, marking the fifth consecutive month of improvement. Housing has seen signs of stabiliza...Housing and Economy Headed for Sustainable Recovery
Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®. There has been a steady downtrend in housing inventory for well ove...Obama Signs Homebuyer Tax Credit Extension
President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit f...What to Know When You’re Buying an REO Property
Buying a foreclosure often is appealing to buyers trying to stretch their dollars. It’s finding a good one can that can be a challenge. If you’re considering the purchase of a home that is now owned by a bank, it’s also important to ...Home Prices for August 2009 Off 11.3% from Year Ago
Data through August 2009, released by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show that the annual rate of decline of the 10-City and 20-City Composites improved compared to last month’s reading. This mar...Big Rebound in Existing-Home Sales
Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. Existing-home sales–including sin...Push is on to expand $8,000 tax credit
Some want to expand the tax credit for homebuyers. Supporters say it could stem price declines. Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers — potentially applying it to...