Daily Real Estate News | December 7, 2009 | IRS Sets New Rules for Tax CreditThe IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property. When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says … Continued
First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending … Continued
Good news all around today—the $8,000 tax credit for first time homebuyers has been extended to June 30, 2010. This action will encourage a robust housing market in the first quarter of 2010 and affect home prices. The legislation also includes a $6,500 tax credit for people who currently own a home and want to … Continued
Lawmakers are also considering tax credits for repeat buyers to enhance local economies With the first-time homebuyer $8,000 tax credit set to expire at the end of November, both the Senate and House of Representatives are busy working through agreements to extend this popular program, and keep in place the loan limit for U.S.-backed mortgages … Continued
New home builders are feeling a bit peppy these days as builder confidence rose two points in May for the second straight month, according to a report by The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. This is the first back-to-back increase in builder confidence since February 2008.The index gauges builder confidence … Continued
RISMEDIA, April 11, 2009-Thanks to record low mortgage rates and declining home prices, 55 million families – or half of all U.S. households – can afford today’s $200,000 median-priced new home, according to figures released by the National Association of Home Builders (NAHB). “That’s an increase of 17 million households from conditions just two years … Continued
More than three-quarters (78 percent) of potential first-time home buyers say that now is a good time to buy a home, despite widespread concern about the economy. Out of the 1,000 prospective U.S. first-time home buyers surveyed in early March for the CENTURY 21 First-Time Home Buyer Survey, 68 percent think now is a better … Continued
Existing-home sales increased in February, reversing losses in January, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS®. However, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect, according to NAR. Existing-home sales— including single-family, townhomes, condominiums and co-ops—rose 5.1 … Continued
Click the $8,000 gift to download First Time Home Buyer Tax Credit Frequently Asked Questions PDF