Posts tagged tax credit
Existing home sales soar in April
May 24th
Existing home sales soared in April as home buyers scrambled to claim the tax credit that expired at the end of the month, according to a real estate industry report released Monday.
New home sales rise at fastest rate in 47 years!
Apr 23rd
New home sales improved in March at the fastest single-month rate in 47 years, according to a government report released Friday, as buyers snatched up properties ahead of the tax credit that’s set to expire..
Pending Home Sales Rise
Apr 5th
Americans rushed to sign contracts for previously owned homes in February, signaling a fat tax credit might revive the housing market this spring. Despite snowstorms and joblessness, the National Association of Realtors’ index for pending sales of used homes rose by 8.2% to 97.6, the industry group said Monday.
Home Sales 27% Higher Than Last Year
Feb 14th
Bolstered by low interest rates and a first-time home buyers tax credit, existing-home sales rocketed 27.2% from the fourth quarter of 2008 to a seasonally adjusted annual rate of 6.03 million, the National Association of Realtors reported Thursday.
Buyer’s Market Could be Ending Soon
Jan 28th
Low interest rates, a federal tax credit for first-time home buyers and declining prices contributed to a 35.4 percent gain in activity last year. But two of the components driving the market — interest rates and tax credits — are likely to be gone by summer house-buying season.
Understanding the Federal Housing Tax Credit
Dec 26th
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
