Posts Tagged ‘IHS Global Insight’

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.

Housing Prices Creeping Up, “Glimmer of Stabilization” Holds

Shaw: 9th and N Streets. (Hey didn't I write about that Blagden Alley/Naylor Court area?)
Though still sharply down from last year's numbers, home prices have continued to increase by small increments in May and June, according to the latest S&P Case-Shiller report.
"Prices in 20 major cities increased 1.4 percent during the month, nearly triple the [...]

New Home Sales Up 11 Percent in June

Another month, another round of housing numbers. Today's big news is that new home sales were up 11 percent nationally in June over the previous month's numbers. Let's keep thing in perspective though:
The good news:

"Sales of new homes in the United States posted their largest monthly gain in nearly eight years in June..." (The New [...]