From the category archives:

First Time Home Buyer

What Impact Will Homebuyer Tax Credit Extension Have on Housing Industry?

Congress is a step closer to extending the $8,000 first-time homebuyer tax credit and offering a new credit to other types of buyers, but some analysts are downplaying the controversial stimulus’ effect on the housing market. In a recent interview, Fox-Pitt Kelton analyst Robert Stevenson said the Senate’s proposal for extending the $8,000 tax credit for [...]

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Senate Clears Homebuyer Tax Credit Extension; May Pass as Early as This Week

After two weeks of delay, the Senate cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. By an 85 to 2 roll call vote, the Senate voted to cut off debate on a package of measures that includes the homebuyer credit, making it virtually certain that the [...]

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First Time Home Buyer Tax Credit

BREAKING NEWS: President Obama Signs Bill Expanding Homebuyer Tax Credit President Barack Obama inked his approval of the bill extending and expanding the homebuyer tax credit incentive Friday morning. The housing tax break, which was initially set to expire at the end of this month, is now available to buyers who sign a contract by [...]

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Obama Signs Homebuyer Tax Credit Extension

President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010. The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands the [...]

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Housing and Economy Headed for Sustainable Recovery; First-Time Homebuyers Lead the Way

Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. “Given the success of [...]

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Homebuyer Tax Credit… Extended and Expanded

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5 Tips to Buying a Home on Deadline and How the Tax Credit Extension Can Help

House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. This winter, however, might be different, thanks to the extended—and expanded—first-time home-buyer tax credit. “We’re going to see far more interest in the fourth [...]

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Senate Plans to Extend and Expand Tax Credit!

The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn. While its passage remains uncertain, the agreement would extend the existing credit for first-time homebuyers, worth up to $8,000, while offering a new [...]

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Stimulus Payout May Come Back to Haunt You at Tax Time

That little extra bit of money in the form of a larger paycheck tied to the Obama stimulus plan could end up taking a bite out of your federal income tax refund or even leave you owing taxes, say observers. The stimulus plan lowered federal income tax withholding rates, which results in more take-home pay [...]

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Stars Are Aligned for Buyers – and Time Is of the Essence

Potential home buyers are seeing a fortuitous combination of low mortgage rates, affordable home prices and the first-time home buyer tax credit. And many who thought homeownership wasn’t an option right now appear to be finding ways to make it work. A National Association of Realtors survey shows that first-time home buyer purchases made up [...]

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