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Housing Tax credit extension

December Drop in Home Sales

Crying Wolf About April 30? Sales of existing homes in December fell 16.7 percent from November to a seasonally adjusted annual rate of 5.45 million units, the National Association of Realtors said Monday. –“Existing Home Sales Drop More Than Forecast“; The New York Times (1/25/2010) My take is that a big chunk of the drop...
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Tax Credit Extension/Expansion

(Almost) Done Deal! The Senate passed the bill 98-0 yesterday; the House followed suit today. President to sign tonight/tomorrow. Highlights per Steve Mohabir, City Lakes’ in-house loan officer: One provision will continue for five months a popular $8,000 credit for many first-time home buyers, which was to expire Nov. 30, and create a $6,500 credit...
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