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$8,000 homebuyers tax credit extended

President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes. NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the... (Continue reading)

Both Houses OK Tax Credit Extension, Expansion

The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for... (Continue reading)

Senate May Approve Tax Credit Wednesday

The U.S. House and Senate are close to an agreement to extend the home buyer tax credit due to expire at the end of this month. The Senate is expected to vote Wednesday while the House could approve it later in... (Continue reading)

Home sales contracts rise for 8th straight month

Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) — The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real... (Continue reading)

Big Rebound in Existing-Home Sales

Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of REALTORS®. Existing-home sales—including single-family, townhomes, condominiums, and co-ops—jumped 9.4 percent to a... (Continue reading)

More Foreclosures to COME!

Housing inventory is likely to continue increasing in 28 key metro areas, according to the Wall Street Journals’ quarterly survey of housing data. Areas where the number of foreclosed homes is likely to contribute the most to the inventory of available... (Continue reading)

Home Buyer Tax Credit Extension Likely

Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said. After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader... (Continue reading)

Foreclosure Rate Rises 17 Percent

The number of homes lost to foreclosures rose about 17 percent in the second quarter of this year despite the launch of an extensive government program aimed at helping borrowers save their home, according to government data released Wednesday. Completed foreclosures... (Continue reading)

Legislation introduced to keep tax credit alive

WASHINGTON — Will Congress extend the wildly popular $8,000 home-buyer tax credit beyond its Dec. 1 expiration date? That’s a question generating huge pressure on Capitol Hill, from would-be buyers who haven’t found the right house to realty agents, builders, lenders... (Continue reading)

Existing home sales slide unexpectedly

The report breaks a four-month streak of increases with a dip of 2.7% in August. NEW YORK (CNNMoney.com) — Existing home sales fell in August, snapping a four-month streak of increases, according to a report released Thursday. Sales of previously-owned homes fell... (Continue reading)

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