Posts Tagged ‘tax credit’Feature: The Future of the First Time Homebuyer Tax CreditThis post first appeared in the September edition of Cirios Trends: Getting to the Bottom of the Housing Market For all you first time homebuyers rushing out to buy a home before the current $8,000 federal tax credit disappears in December, perhaps now is the time to stop, breathe deeply and assess your financial situation [...] Housing Perspective: May New Home SalesSales of new homes dropped in May, surprising analysis who had expected a continued strengthening in US housing market data. According to Bloomberg, transactions fell 0.6% from April, but median prices decreased by just 3.4% from last year. This compares to a much bigger 17% year-over-year decline in existing home prices, as reported yesterday. Data [...] Housing Perspective: April Pending Home SalesThe barrage of positive housing data continued yesterday as April Pending Home Sales — which measure contracts signed for new purchases — jumped 6.7% from a month ago. The index, which is viewed as a leading indicator for future sales, was also up 3.2% from this time last year, according to Bloomberg. Sales continued to [...] |