The National Association of Realtors Web site has a nice Question & Answer section about the new credit
The Realtors' spokesman tells me that the new credit will start tomorrow, not today.
"We rechecked the effective date for the repeat buyer," ...Read More
The National Association of Realtors Web site has a nice Question & Answer section about the new credit
The Realtors' spokesman tells me that the new credit will start tomorrow, not today.
"We rechecked the effective date for the repeat buyer," ...Read More
Update: Just spoke with somebody at Sen. Chris Dodd's office. According to the senator's banking committee staff, you can qualify for the credit even if you signed a purchase contract before today's date. The important thing is that you close ...Read More
Update: Just spoke with somebody at Sen. Chris Dodd's office. According to the senator's banking committee staff, you can qualify for the credit even if you signed a purchase contract before today's date. The important thing is that you close ...Read More
Update: Just heard from White House spokeswoman Jen Psaki. The start date for the new $6,500 credit for existing homeowners will take effect as soon as Obama signs the bill into law tomorrow (Nov. 6). Sorry for the confusion. And ...Read More
Update: Just heard from White House spokeswoman Jen Psaki. The start date for the new $6,500 credit for existing homeowners will take effect as soon as Obama signs the bill into law tomorrow (Nov. 6). Sorry for the confusion. And ...Read More
President Obama could sign the $10.8 billion homebuyer tax credit extension and expansion plan into law as soon as next week. The Senate this evening voted 98-0 in favor of the extension. The House is expected to approve it within ...Read More
President Obama could sign the $10.8 billion homebuyer tax credit extension and expansion plan into law as soon as next week. The Senate this evening voted 98-0 in favor of the extension. The House is expected to approve it within ...Read More
Majority Leader Harry Reid's office just sent me an outline of the Senate Democrats' plan to extend and expand the home buyer tax credit. Much of this was covered in my previous blog post. But there's one new detail that ...Read More
It's increasingly likely that Congress will extend and expand the popular home buyer tax credit, which will expire next month. CNN.com reported today that a compromise proposal based on bills that have already been introduced could pass the Senate as ...Read More
Home prices rose 1% in August from the seasonally-adjusted July level -- the third month in a row of increases, according to S&P/Case Shiller home price index.
The 20-city index was down 11.3% on a year-over-year basis but the drop is ...Read More
Don't expect a rebound in home construction anytime soon.
New building permits for single-family homes fell 3% in September, the Commerce Department said today. Builders are likely anticipating a drop in demand with the expiration of the $8,000 first-time home buyer ...Read More
The U.S. government has been helping to prop up housing sales by keeping interest rates artificially low and by offering $8,000 to renters who purchase homes. A new report by Capital Economics in Toronto suggests that the government has succeeded ...Read More
I've been reading a bunch of stories about the two-story Lego house erected in England for a BBC show called "Toy Stories." It was just demolished despite the owner's last-minute scramble to save it.
Building the home, with the ...Read More
We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading.
But today, we need your help. Tell us about the nagging ...Read More
New home sales, after four months of robust gains, only inched up 0.7% in August, the Commerce Department reported Sept. 25.
The government's monthly new home sales report, which has a wide margin of error, is relatively unreliable. But it follows ...Read More
Such prominent analysts as Meredith Whitney are raising alarms about the prospect of a deepening slump despite recent signs of improvement in home sales, prices, construction, and inventory levels.
Just as optimists see signs of life in the market, it's just ...Read More
The spring buying season was a little longer than usual this year. Home sales gathered strength as the summer progressed. Pending home sales, for example, jumped 3.2% in July from the previous month (the sixth-straight monthly increase) and rose 12% ...Read More
Hovnanian Enterprises disappointed Wall Street this week with an earnings report that showed deep revenue and profit declines. But CEO Ara Hovnanian, who said that new home contracts have improved in recent months, sounded upbeat about the future. Hovnanian said ...Read More