It’s official. President Barack Obama signed the bill that includes an extension and expansion of the popular First-Time-Home-Buyer tax credit. which will now include some move up buyers. In the coming days, I will be discussing all of the details. In the mean time, here are the details I currently have. The extension and expansion [...]
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CNBC reported on October 28th that the $8,000 First-Time Home Buyer Tax credit will be extended through April 30th, 2010 and will include a credit for “Move Up” buyers. The reports were given by Senate Majority Leader- Harry Reid’s office to CNBC. Earlier this week, negotiations of the credit included multiple variations of an [...] We have one half of the bill makers in agreement. Senate Banking Committee Chairman Christopher Dodd reported Tuesday that top Democrats in Senate have reached an agreement to extend the $8,000 first-time homebuyer tax credit. We’re now just waiting for the Republican and Democratic party to agree to the terms of the extension, which may be [...] Fri. Oct. 23 2009 | 8:15 AM ET Discussing extending the homebuyer tax credit, with Howard Glaser, former HUD secretary counselor; Shari Olefson, Fowler White Boggs; and CNBC’s Trish Regan. The IRS (Internal Revenue Service) is reporting there are more than 100,000 suspicious claims involving the $8,000 first-time-home-buyer Tax Credit. Currently there are 167 criminal cases [...] I just finished watching Spencer Rascoff’s interview on Bloomberg where he shared data with regard to mortgage rates and real estate values. LINK TO INTERVIEW HERE He felt that we won’t hit the floor for values until late 2010, but it varies by region. He gave an example, showing that Boston had hit it’s floor in early 2009 and [...] |
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