Via Kathryn Baer, on Friday the White House posted fact sheets on what the American Jobs Act would mean for every state. The District's goodies include:
$387 million in funding for highways and transit systems
$20 million for renovating vacant and foreclosed homes
Payroll tax cuts for 20,000 businesses
$45 million to support 500 teachers and first responders
A tax [...]
Hours before a handful of protesters picketed outside Ward 4 Walmart developer Dick Knapp's house, the supercompany received a stamp of approval from the highest hand in the land: Michelle Obama, in her new role as the nation's healthy food guru. She appeared at THEARC in Congress Heights yesterday for the launch of Walmart's nationwide [...]
It should come as a surprise to no one that the federal government is a huge force in the D.C. real estate landscape, but the second quarter really brought it home: Fully half of all leases in the District went to the U.S. of A. during that period, says Jones Lang LaSalle's Scott Homa. Even [...]
1,329.
In D.C., roughly one out of every 445 people filed for the credit. In the entire state of Maryland, 23,679 have filed for the credit, roughly one out of every 237 residents. In Virginia, 40,527 have filed for the credit, roughly one out of every 191 locals. (I calculated these numbers comparing the original [...]
Today, President Barack Obama signed a $24 billion stimulus bill that included renewing the first-time homebuyer tax credit (as the A.P. reports).
The National Association of Realtors has posted a Q&A about the credit, which is altered significantly in this bill, on its website. Their responses should answer all the basic questions:
Who Qualifies for the [...]
The Associated Press is reporting that Amtrak carried roughly 27 million people in the last 12 months— down about a million from the same time period the previous year, but still up more than five percent from two years ago.
In less than two months, the $8,000 tax credit available to first-time homebuyers is set to expire. Economists and housing experts have widely applauded this program as one of the driving forces sending purchasers hustling back into the market. President Barack Obama's administration is considering renewing it. Several senators have supported a measure to extend [...]
The Washington Post is reporting that the total number of homes in foreclosure jumped 17 percent from the first quarter to the second quarter of 2009.
Since March, nearly 400,000 people have participated in President Barack Obama's Making Home Affordable program, which pays lenders to lower borrowers' monthly payments, according to the story.
The Washington Post writes again today about the upcoming deadline ending the $8,000 homebuyer tax credit program. President Barack Obama is mulling over extending the credit and several senators, including Maryland's Ben Cardin, have introduced a six-month extension of the tax credit.
But, wait! There's a completely different, more generous bill already out there, according to [...]
This past weekend, the Washington Post did an excellent job envisioning a nightmare scenario: Searching, finding, going under contract and closing on a house by November 30.
Why the rush? The $8,000 first-time homebuyer tax credit is scheduled to expire by then.
