Posts with tag tax credit extension

It's almost official: The Senate approved a three-month extension on the homebuyer tax credit for buyers in escrow late last night. The House voted in favor of it 409 to 5 on June 29. The Senate vote was unanimous. Now the bill must be signed by President Obama, which may happen as soon as today. But will the extension... Continue Reading »

While the home tax credit extension looks dead, it's probably just on life support and may be revived by adding it to another bill on the Senate floor. The tax-credit extension had been attached to a large stimulus package including business tax breaks, renewal of the flood insurance program and extension of unemployment... Continue Reading »

Renters, particularly single women, are taking the bait and buying their first home. Reel us in, housing market! We're ready to move in and redecorate. The "bait," of course, is the large number of homes on the market at increasingly reduced prices. The U.S. housing market sold a bigger share of homes to first-time buyers... Continue Reading »