Tax Credit

The Home Buyer Tax Credit Extension Has Not Been Passed Into Law (Yet)

June 18, 2010 by admin · Leave a Comment 

As its June 30, 2010 closing deadline approaches, the federal home buyer tax credit is back in the news.
Unfortunately, the headlines are misleading.
Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. And here’s why there’s confusion.
Look at [...]

March Pending Home Sales Point To Stronger Spring Market

May 5, 2010 by admin · Leave a Comment 

The Pending Home Sales Index moved higher in March as home sales were spurred by low mortgage rates and an expiring tax credit.
A “pending home” is a property that is under contract to sell, but not yet closed.
March marks the second straight month in which the Pending Home Sales Index improved after a series of [...]