The Basics: Extended Home Buyer Tax Credit 2009/2010
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed and President Obama has signed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April ...
Posted by
Paul Chavez
on 11/06/2009
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Washington, June 10, 2009
The following is a statement by National Association of Realtors® President Charles McMillan:
"NAR and our 1.2 million members applaud the Business Roundtable for its sound policy recommendations put forth to reinvigorate our nation's housing market. The proposal they announced today is consistent with the recommendations NAR has advocated and reflects the critical need ...
Posted by
Paul Chavez
on 06/17/2009
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Isakson continues push to stimulate housing market
Submitted by the office of Sen. Isakson
June 10, 2009 05:35 pm- WASHINGTON - Drawing on more than three decades of experience in the real estate industry, U.S. Senator Johnny Isakson, R-Ga., today introduced legislation to invigorate housing demand and to boost the economy by expanding the first-time homebuyer tax credit passed by Congress earlier ...
Posted by
Paul Chavez
on 06/12/2009
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By Jimmy CurrierObserver staff writer
Rio Rancho city officials have talked for months about the importance of extending Paseo del Volcan from Iris Road to US 550.Wednesday night, the city council approved a resolution to accept federal money to complete the project.
Councilors Mike Williams, Patty Thomas, Steve Shaw, Larry Naranjo and Kathy Colley voted to accept the American Recovery and Reinvestment ...
Posted by
Paul Chavez
on 06/10/2009
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RISMEDIA, June 2, 2009-Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7% to 90.3 from a reading of 84.6 in March, and is 3.2% above April ...
Posted by
Paul Chavez
on 06/03/2009
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HUD plans to tweak $8,000 tax credit rules so first-time homebuyers can get instant down-payment assistance.
By Les Christie CNNMoney.com staff writer Last Updated: May 19, 2009: 12:45 PM ET
NEW YORK (CNNMoney.com) -- Home prices are cheap. Affordability is at a record high. And the market is littered with distressed properties looking for a buyer.
But there is one big obstacle for many first-time ...
Posted by
Paul Chavez
on 05/19/2009
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Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS ®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82 in February. It is 1.1 percent higher than March 2008 when ...
Posted by
Paul Chavez
on 05/06/2009
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Jim Gillespie explains why we need to attack the demand side of housing.
Posted by
Paul Chavez
on 04/27/2009
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From The Wall Street Journal:
With mortgage rates at record lows and the $8,000 first-time home-buyer credit set to expire Nov. 30, Ronald Phipps, first vice president of the National Association of Realtors, explains to Kelsey Hubbard why now is a good time to enter the housing market.
Posted by
Paul Chavez
on 04/16/2009
