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 ...
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 ...
Kiplinger.com Best Cities List
2009 BEST CITIES Best Cities: It's All About Jobs Stable employment and new career opportunities give these cities an edge. From Kiplinger's Personal Finance magazine, July 2009
What a difference a year makes. Last summer, the energy and finance sectors of the economy seemed to be thriving, and manufacturing was going strong.
Today, many cities are relying on government ...
Understanding The Related Costs of Home Buying
According to Will Rogers, property is a great investment because nobody's making any more. That is as true today as it was in the early 1900s when Will Rogers made the statement. Today, however, you'll need to think about more than a mortgage payment to determine if you can afford a home. To assure you are purchasing a home within the confines ...
By Lew Sichelman
WASHINGTON (MarketWatch) -- Question: Is there any possibility that the tax credit for first-time home buyers will be expanded to also include repeat purchasers who already own a house but would like to move up? I understand there has been some movement in Congress along these lines.
Answer: There is not yet any legislation along the lines you suggest, but the Democratic Leadership ...
Jim Gillespie explains why we need to attack the demand side of housing.
Nearly 25 percent of adults say they plan to purchase a home in the next five years and half of those (53.5 percent) will be first-time home buyers, according to a survey commissioned by Move Inc., operator of Realtor.com.More than 18 percent cite the $8,000 tax credit as a motivating factor. Potential home buyers with higher incomes are more interested in the tax credit than those in lower income ...
Just one week after 30-year mortgage rates fell to a record low of 4.85 percent, the average dropped even further to 4.78 percent this week, Freddie Mac reported. Refinancing activity has picked up because of the low rates, and the Mortgage Bankers Association says approximately 80 percent of mortgage applications came from borrowers seeking to refinance.Source: Boston Globe (04/03/09)
Employers should be ready for the Making Work Pay credit by Wednesday. That means some extra take-home pay. Here's what you need to know.
You're likely to see some more green in the next couple of weeks. Not only on the trees. Very possibly in your wallet, too.
President Obama has asked that all employers adjust their payroll systems by Wednesday so eligible workers can start receiving the new ...
Posted by
Barbara Kirk
@ 11:37 AM
on 04/06/2009
American Recovery and Reinvestment Act funding creates opportunitiesSANTA FE- Governor Bill Richardson today joined with the New Mexico Mortgage Finance Authority to urge New Mexicans to take advantage of programs that offer historic levels of assistance to first-time homebuyers."During this time of unprecedented economic and social challenges we are seeing that there are indeed opportunities for working ...
