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tax credit: Home Buyer Tax Credit Extended - 11/06/09 03:58 PM
The much-anticipated extension to the home buyer tax credit has finally been approved. The Senate's vote yesterday resulted in a 98-0 win and today it was passed in the house. The bill now moves to the President's desk for a final signature. There is no way it will not be signed. First-time home buyers have been eligible for a tax credit of up to $8,000 since last January as part of this year's economic stimulus package. The newly backed program will expand the credit to include existing home owners. This will help people sell their smaller home that is in high … (1 comments)
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tax credit: Oh- Gotta Love This! - 11/06/09 03:56 PM
Mortgage bond prices initially opened positive this morning following relatively bond friendly employment data only to fall back off to near neutral on the day. We still are slightly positive since pricing yesterday morning. Additionally, unemployment came in @ 10.2%, higher than the expected 9.9% mark...a bond friendly figure. This is great news for the market and better news for Home Buyers. This bad news for the unemployed is going to help you get a better deal on a home purchase. Non-farm payrolls fell -190k, weaker than the expected -175k...another bond friendly piece of data. However, the average hourly earnings component … (0 comments)
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tax credit: Senate has reached a compromise on extending and expanding the $8,000 tax credit - 10/29/09 03:48 PM
Senate has reached a compromise on extending and expanding the $8,000 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 credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all homebuyers who have been in their current residence for a consecutive … (1 comments)
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Casey Margenau
Mc Lean,
VA
More about me…
ReMax Distinctive Real Estate, Inc.
Address: 1307 Dolley Madison Blvd, McLean, VA, 22101
Office Phone: (703) 827-5777
Cell Phone: (703) 827-5777
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