Currently viewing the tag: "first time home buyer tax credit"

Housing Looks Solid After First Time Home Buyer Tax Credit

On April 20, 2010 By

A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.

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Existing Home Sales Indicate A Busy Spring

On March 24, 2010 By

As expected, the February Home Sales figure dipped relative to January. It’s four straight months of lower month-over-month totals. However, it’s actually pointing towards rising values.

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$8,000 Tax Credit Ends In 7 Weeks

On March 9, 2010 By

In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of “move-up” buyers — homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There’s now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.

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Existing Home Sales Dip Again, But Stay True To Trends

On March 2, 2010 By

After a big drop of 17% December, the January Existing Home Sales report yielded a 7% slide. An “existing home” is a home not being resold by a previous owner. It essentially excluded only new construction.

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Pending Home Sales Recover

On February 3, 2010 By

Pending Home Sales recovered by 1% in December after November’s big drop.

A Pending Home Sale is a home under contract, but not yet closed.

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November Home Values Up 0.7%

On January 29, 2010 By

We’re inside of 90 days on the expiration of the tax credit, we’re already seeing home prices move higher, and FHA interest rates are going to rise at the termination of the Fed’s purchase program.

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There’s 100 Days Left To Claim The Homebuyer Tax Credit

On January 20, 2010 By

November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There’s 100 days left to claim it.

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