Posts with tag Home buyers tax credit

Could this month's dreadful home sales numbers prompt the feds to offer another homebuyer tax credit? Mum's the word on Capitol Hill, but HUD Secretary Shaun Donovan would not rule out the option during an interview Sunday on CNN. Existing-home sales sank 27.2 percent in July, and sales of new homes dropped to their lowest... Continue Reading »

Homebuyers who took advantage of the $8,000 federal tax credit but are unable to close by the June 30 deadline may have gotten a reprieve yesterday. On Wednesday afternoon, the Senate OKd a proposal to add three more months to the closing schedule of the tax credit program, extending the deadline until September. The... Continue Reading »