Friday, October 30, 2009
Thursday, October 29, 2009
Wednesday, October 28, 2009
Senate Said to Revise Plan to Extend, Expand Homebuyer Credit -
Bloomberg.com
Source: www.bloomberg.com
U.S. Senate leaders revised a proposal to replace an expiring $8,000 tax [bn:URL=http://www.tigta.gov] credit [] for first-time homebuyers, expanding access to higher-income borrowers and to some people who already own a home, a person familiar with the matter said.
Source: www.bloomberg.com
U.S. Senate leaders revised a proposal to replace an expiring $8,000 tax [bn:URL=http://www.tigta.gov] credit [] for first-time homebuyers, expanding access to higher-income borrowers and to some people who already own a home, a person familiar with the matter said.
The next real-estate bubble
The latest bubble is about to burst, but this time it's in the commercial market.
Monday, October 26, 2009
Jobs outlook brightens
National Association for Business Economics says more U.S. firms are planning to hire and increase investment in the next six months.
Saturday, October 24, 2009
HUD properties
Candlewood Real Estate Group is now HUD certified. Please contact us with all your HUD property needs!
Sales and prices up!!! Inventory down
New home sales are up on average of 9.4 % since last month, in large part due to the first-time-buyer credit.
Prices are up slightly from August, and up nearly 5% since last year. From August to September 2008 our average price went down 14%.
Prices are up slightly from August, and up nearly 5% since last year. From August to September 2008 our average price went down 14%.
Thursday, October 22, 2009
NAR: Housing Tax Credit Is Working
NAR: Housing Tax Credit Is Working
Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. That's what National Association of REALTORS® First Vice President Ron Phipps, told the Senate Banking, Housing and Urban Affairs Committee Tuesday during a hearing on “The State of the Nation’s Housing Market.”
One of the key ways to do that is for Congress to extend the home buyer tax credit, “The data on the present home buyer tax credit show that the credit has had its intended impact—sales have jumped in recent months to a projected 5.1 million for the year and housing inventory has been trimmed, thus stabilizing home prices noticeably,” Phipps said. He also pointed out that each home sale generates approximately $63,000 in additional economic activity, providing a tremendous economic boost to the national economy.
Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. That's what National Association of REALTORS® First Vice President Ron Phipps, told the Senate Banking, Housing and Urban Affairs Committee Tuesday during a hearing on “The State of the Nation’s Housing Market.”
One of the key ways to do that is for Congress to extend the home buyer tax credit, “The data on the present home buyer tax credit show that the credit has had its intended impact—sales have jumped in recent months to a projected 5.1 million for the year and housing inventory has been trimmed, thus stabilizing home prices noticeably,” Phipps said. He also pointed out that each home sale generates approximately $63,000 in additional economic activity, providing a tremendous economic boost to the national economy.
Extension of First Time Buyer Tax Credit
Washington, DC - October 21, 2009 - (RealEstateRama) — Congressman Paul Hodes today wrote to House leadership in support of an extension of the first-time homebuyer tax credit.
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