Posts Tagged ‘first-time homebuyer tax credit’

Existing Home Sales Up 10 Percent in October

With buyers pushing to meet the Nov. 30 deadline for the new homebuyer tax credit, sales of existing homes jumped more than 10 percent in October, according to the National Association of Realtors (NAR).
The credit—as we've reported about extensively—was extended earlier this month. The ten percent jump is higher than analysts expected, but with [...]

A Few More Tips for First-Time Homebuyers

For last week's column, I wrote about the first-time homebuyer credit and provided some tips for people interested in taking advantage of the "free money," as we wrote on our cover.
Well now, the Wall Street Journal-–bunch of copy cats!—has a similar story on their website. I think we covered most of the same bases: the [...]

Second Chance for First-Time Buyers, Part 2

More tips for homebuyers interested in using the government's $8,000 tax credit, continued from this earlier post.
• It’s not just for first-timers anymore. The tax credit needs a new name to do it justice. The National Association of Realtors is calling the newly passed version the “Extended Home Buyer Tax Credit 2009/2010.” But neither the [...]

How Many People Have Used the Homebuyer Credit in D.C.?

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 [...]

Top Blog Posts of the Past Week

Okay, in truth, the following list should read Real World, Real World, Affordable Condos, Real World, Real World, First-time Homebuyer Tax Credit, Real World, Real World, Real World, Real World. It's an unstoppable force! as I predicted.
But in the name of variety and, well, a "housing complex," I'll leave most of the Real World posts [...]

President Renews First-Time Homebuyer Credit

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 [...]

Congress May Pass New Homebuyer Tax Credit This Week

Two sources—the New York Times and Reuters—are reporting that Congress will likely be renewing the first-time homebuyer tax credit in the next few days. "After weeks of partisan bickering, the Senate voted 97 to 1 to clear a procedural hurdle and move to final passage on Wednesday or Thursday. The House of Representatives is expected [...]

Homebuyer Tax Credit Will Extend Through July

People are dying for more information on Congress's first-time homebuyer tax credit, which will likely be renewed soon.
The proof is in the page-views: This brief little item I recently posted on the credit is the most popular post in the last month. Google delivered thousands of readers to my little online doorstep. The second place [...]

First-Time Homebuyer Credit Will Be Extended…But How?

For months, the real estate industry has eagerly awaited news on whether the first-time homebuyer tax credit (for up to $8,000) would be extended past its original deadline of Nov. 30.
Yesterday, they sort of got an answer.

White House Considers Extending $8,000 HomebuyerTax Credit

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.