Apr 20th 2011 12:00PM
Spring home buying season has officially sprung, as buyers reenter the market after a long winter. In the absence of another homebuyer tax credit, however, sales are not as robust as they were a year ago. Existing home sales, which includes single-family houses, condos, townhouses and co-ops, rose to 5.10 million in... Continue Reading »
Feb 15th 2011 1:41PM
If you took advantage of the first time homebuyer tax credit in 2008, it's time to start repaying this interest -ree loan when you file your 2010 tax return by April 2011. But, if you used the homebuyer tax credits in 2009 or 2010, you won't ever have to repay the money unless you sell or otherwise dispose of your home... Continue Reading »
Aug 4th 2010 11:44AM
New homes are selling again, and buyers are happy. But builders apparently are paying the price: The Commerce Department recently reported that the average new home price dropped to $242,900 in June. That's the lowest it's been since 2003, and the worst year-over-year drop since April 2009. Still, some analysts think the... Continue Reading »
Aug 2nd 2010 1:11PM
Former Treasury Secretary Henry "Hank" Paulson published an op-ed piece in the Washington Post on Friday in which he suggested that any major overhauls of Fannie Mae and Freddie Mac should be delayed until the housing market stabilizes. At that point, Paulson believes the government should roll back financial incentives... Continue Reading »
Mar 29th 2010 5:30PM
California Governor Arnold Schwarzenegger, whose last term in office will soon be terminating for good (we have limits, you know), has signed into law a measure that he hopes will pump some life into the state's all but dead housing market. The new legislation, AB183, will provide a tax credit up to $10,000 to Californians... Continue Reading »
