Posts Tagged ‘tax credit’
For certain members of the military, and for certain federal employees, there’s just 2 months remaining to get use the federal home buyer tax credit.
Tags: IRS, tax credit
Posted in Homebuyer Tax Credit | Comments Off
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Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet.
Tags: Bill, tax credit
Posted in Tax Tips | Comments Off
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Today’s home buyers should consider making offer sooner rather than later. Looking at the data, it appears the best time to have found a “deal” on a home may have been in February.
Tags: Pending Home Sales, tax credit
Posted in Pending Home Sales | Comments Off
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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.
Tags: Housing Starts, tax credit
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If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.
Tags: Pre-Approval, tax credit
Posted in Mortgage Guidelines | Comments Off
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There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.
Tags: April 30, tax credit
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As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. In case you didn’t know, an “existing” home is one that is previously owned and lived-in (i.e. not new construction). In November 2009, Existing Home Sales peaked just…Read the Rest of Article
Tags: Existing Home Sales, tax credit
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Single-family Housing Starts idled last month, dropping just 3,000 units from the month prior, or 0.2%. According to the Commerce Department’s report, February marked the 8th straight month in which Housing Starts straddled the half-million marker, dating back to June 2009. This is a different slant on the Housing Starts story as told by the…Read the Rest of Article
Tags: Housing Starts, New Home Sales, tax credit, texas
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Well after a pretty rough day for mortgage bonds yesterday, we are seeing a little rebound after this morning Jobless Claims. The figure came in higher than expected at 444k. Also had the Retail Sales report this morning, and while it was expected to come in at 0.4%, it actually came in alot below that…Read the Rest of Article
Tags: mortgage bonds, respa, tax credit
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by Phoebe Chongchua It can be one of the hardest things to do — save money for your first home. But now, more than ever, there’s incentive to buy. Government housing tax credits have been extended and that’s sparking buyers’ interest. Reports show that U.S. homes sales increased 10 percent in October to the highest…Read the Rest of Article
Tags: buying a home, tax credit
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By Amy Hoak, MarketWatch CHICAGO (MarketWatch) — House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. This winter, however, might be different, thanks to the extended — and expanded — first-time home-buyer tax…Read the Rest of Article
Tags: fha tax credit, tax credit, texas
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Published: Oct. 29, 2009 By Steve Cook Real Estate Economy Watch Senate Majority Leader Harry Reid (D-NV) and Chairman of the Senate Finance Committee Max Baucus (D-MT), engineered the deal to include move-up buyers in the homebuyer tax credit. A deal struck among key senators last night to extend the homebuyer tax credit will broaden…Read the Rest of Article
Tags: first time home buyer, tax credit
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