Posts with tag first-time home buyer credit

Looking back on 2010, the year in real estate was, in a word, terrible. Property values continued to fall, foreclosures rose, and even the lowest interest rates in 50 years seemed to have little positive effect on the property market. For U. S. real estate, 2010 was the year of failed government intervention where nothing... Continue Reading »

Adding insult to injury, around 950,000 homebuyers who claimed the first-time homebuyer tax credit for 2009 will need to return the money. The Inspector General for Tax Administration announced last week that roughly half of the 1.8 million Americans who took the credit on their 2009 tax returns did so in error and... Continue Reading »

Should you buy that first home or remain a renter? It's a classic question made much more complicated by the housing market's recent crash. How do you know if you're ready? Will you be able to afford a mortgage, and all the fees associated with securing a loan and closing? And how can you tell if the local market has... Continue Reading »

There were more than 200 comments on a recent article, "Are VA loans working for troops?" The vast majority acknowledged the main point of the article, that mortgage programs provided by the Veterans' Adminstration may be inadequate for soldiers and their families who are looking to buy foreclosed or otherwise distressed... Continue Reading »

This past summer, Air Force Staff Sergeant Jason Goul hoped to buy a home for his family using a loan program backed by the U.S. Department of Veteran Affairs. As reported by in the San Francisco Chronicle, he wanted to have his wife and two children settled into their new home before he was sent overseas to the Middle... Continue Reading »