Posts with tag tax credit

While Sen. Bill Nelson (D-Fla.), pictured left, wants to talk about renewing the homebuyer tax credit, just about everyone else is discussing whether or not to change the mortgage deduction. Over the next year "deficit reduction" will be the buzzwords driving Congressional legislation, leaving little room in the budget for... Continue Reading »

Trying to determine the best time to jump into the housing market is always a bit of a gamble. But in this market, with the news see-sawing between stalled housing prices and falling interest rates, it's even harder to gauge whether today is the right day to buy a house. "There are all kinds of ways to look at it," says... Continue Reading »

Google may know where you live, but if you're in the market for low-income housing, they also might hold the keys. The all-seeing search behemoth is revving up its philanthropic efforts to create an $86-million Low-Income Housing Tax Credit (LIHTC) fund. The fund will subsidize the construction and operation of 480... Continue Reading »

With many economists blaming the end of the homebuyer tax credit for last month's dreadful home sales, at least one company is singing its praises. Luxury homebuilder Toll Brothers posted its first profitable quarter in nearly three years -- and the homebuyer tax credit is foremost on its list of thank-yous. The company... Continue Reading »

Despite months-long speculation that the nation is primed for a housing recovery, homeownership -- a tenet of the quintessential American life -- is far from making a comeback. According to industry projections, millions of homes spiraling toward foreclosure are putting homeownership in jeopardy of its lowest level in 50... Continue Reading »