Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas

Synopsis: Homebuyer tax credit and low interest rates had a positive impact on home sales in the last quarter of 2009. Sales of distressed properties were down 5% over the previous year. The national median sale price for a single family home was 4.1% lower than a year ago, but some areas are seeing double […]

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Homebuyer Tax Credit Extension

Via office memo: Tax Credit & Expansion Expected The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures that includes the homebuyer credit, making […]

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Good News for First Time Home Buyers and the Housing Market!

An announcement was made at The Real Estate Summit: Advancing the U.S. Economy today that will help people to buy a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” […]

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