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Senate Approves $8000 Tax Credit Extension

By an 85 to 2 vote, the first-time homebuyer tax credit, due to expire at the end of November, is expected to be extended to contracts written by the end of April and closed by June 30 of 2010. Read more of this article

Who’s Buying in Today’s Economy?

We’re approaching double digit unemployment rates, Wall Street continues to be undependable, and credit card companies are changing their rules left & right even for the highest credit scoring cardholders. The economy is crazy, so who in their right mind is buying a house? Read more of this article

Tax Credit Bill Expanded to Repeat Buyers

Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years Read more of this article