Posts Tagged ‘tax credit’

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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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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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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Real estate market entering hibernation

Posted on December 29th, 2009, by DHW

Analysts are forecasting a slow winter for home sales. In addition to the bitterly cold weather much of the nation is encountering this season, experts feel the extended tax credits and slightly higher interest rates will keep home sales (and prices) on ice. Sales are expected to come back to life next spring.
DHW asks: Will [...]

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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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The South will rise again, but in a good way.

Posted on November 16th, 2009, by DHW

A survey released last week by Move.com, a real estate website, shows 1 in 5 Americans plan on purchasing a home within the next year. The survey also revealed these buyers are most likely to be 34 years of age or younger and live in the South or West.
It should be noted this survey was [...]

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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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Realtors forecast uptick in home prices 2010

Posted on November 14th, 2009, by DHW

Lawrence Yun, chief economist for the National Association of Realtors, predicted on Friday that home prices will rise in 2010. If his prediction holds true, home prices will see their first increase in four years.
Yun pointed to the current price-income ratio of 2.4 as evidence of pent-up demand in the market. The price-income ratio accelerated [...]

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Foreclosures down but not out

Posted on November 12th, 2009, by DHW

U.S. foreclosures sank for a third consecutive month in October, down 3% from the previous month. However, many feel this trend will not continue. Foreclosure notices were curtailed in many states due to temporary, legislative intervention. CNBC reported Nevada foreclosures “dropped 26 percent from the previous month because of new legislation requiring mediation before initiating [...]

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