Just one month after from blowing away Wall Street, December’s Existing Home Sales hit the skids, shedding nearly 17 percent and falling to a 4-month low. Don’t be alarmed, though. The plunge was expected. And not just because Pending Home Sales cratered last month. When November’s Existing Home Sales surged, it was clear to observers… Continue Reading
Tag Archives: First Time Homebuyer Tax Credit
Congress Expands And Extends The First-Time Home Buyer Tax Credit
Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. The President signed it into law today. The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010. The program’s basic eligibility requirements remain the same: Buyers… Continue Reading
To Use The $8,000 First-Time Home Buyer Tax Credit Program, There’s Now Just 6 Weeks To Find A Home
If you plan to use the First-Time Home Buyer Tax Credit program, time is running out. The program expires November 30, 2009 and closing on a home can take up to 60 days. That leaves you 6 weeks from today to find a home and go under contract. The First-Time Homebuyer Tax Credit program was… Continue Reading
The First-Time Home Buyer Tax Credit : Use It By December 1, 2009 Or Lose It
The government’s First-Time Home Buyer Tax Credit expires December 1, 2009. If you expect to use the program in conjunction with a home purchase, therefore, you may want to consider yourself officially “on the clock”. Assuming a 60-day window between contract and closing, there are now 77 days left to find a home and go under… Continue Reading