Archive for the ‘housing tax credits’ Category

Singles benefit more from housing tax credit – video

Posted on March 3rd, 2010, by DHW

News video regarding home buyer tax credit.
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Housing tax credits – 58 days to go!

Posted on March 3rd, 2010, by DHW

Homebuyers have 58 days to obtain a written, binding contract to qualify for the housing tax credits. First-time buyers and buyers who have not owned a primary residence for the past 3 years qualify for an $8,000 tax credit (or 10% percent of the sales price, whichever is less) so long as they are under [...]

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88 Days Later — Housing tax credits expire soon

Posted on February 1st, 2010, by DHW

The extended housing tax credits are set to expire soon. Buyers must have a signed contract on or before April 30, 2010. The transaction must close by July 1, 2010. There are additional extensions available to certain armed service, intelligence service and foreign service personnel.
DHW asks: Will you take advantage of the housing [...]

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IRS releases new tax rebate form for recent home purchases

Posted on January 17th, 2010, by DHW

The IRS released its long awaited tax rebate form 5405 for buyers who closed on a home after November 6, 2009.
DHW asks: Will you use the new form 5405 to requisition your tax credit?
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Game clock: Housing tax credits expire in 107 days

Posted on January 13th, 2010, by DHW

Buyers hoping to take advantage of the housing tax credits will need to have a written, binding contract in effect by April 30, 2010. Buyers will have until July 1, 2010 to close.
There are exceptions for certain armed service, intelligence service and foreign service personnel.
DHW asks: Will you take advantage of the housing tax credits?
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Tax Credits: extra perks for armed service and foreign service personnel

Posted on December 30th, 2009, by DHW

Press release explaining housing tax credits benefits for the armed service, intelligence service and foreign service personnel  (National Association of Realtors).
“SAN DIEGO – Nov. 13, 2009 – According to the National Association of Realtors@ (NAR), the recent homebuyer tax credit extension expands benefits for the U.S. military.
Armed service, intelligence service and foreign service personnel on [...]

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Unlike many things in life, home sales exceed expectations

Posted on December 22nd, 2009, by DHW

According to the National Association of Realtors, November home sales skyrocketed 7.4 percent. Analysts were predicting an increase of 2.9 percent. The housing tax credits are credited with the spike in sales.
There are 129 days until the housing tax credits run out. For more details about the housing tax credits, visit our Housing Tax Credit [...]

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Realtors: October pending sales up 3.7 percent

Posted on December 1st, 2009, by DHW

The National Association of Realtors reported its seasonally adjusted index of sales agreements inched up 3.7 percent from September to October to 114.1.  Economists surveyed by Thomson Reuters predicted the index would sink to 109.5.
The housing industry’s index represents offers written and accepted for existing properties. All parts of the country saw a year-over-year increase [...]

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Will expanding the housing tax credits beyond first time homebuyers contribute to housing inventory woes?

Posted on November 15th, 2009, by DHW

The Capital published an intriguing article addressing the potential side-effects of expanding the housing tax credits beyond first time homebuyers. The article raises some fair questions with regard to existing homes needing to be liquidated so that current homeowners can take advantage of the housing tax credits now afforded to them. The Capital article focuses on [...]

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Treasury Dept says ‘no deal’ for Fannie

Posted on November 7th, 2009, by DHW

Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berkshire Hathaway.

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