Big Bump in July Housing Sales The federal government’s $8,000 tax credit for first-time home buyers appears to be doing its job: according to NAR, sales of single-family homes increased 7.2% in July from a month earlier. So, what will happen come Nov. 30, when the credit is set to expire? I’m hearing — and...Read More
Guess Which Day Not to Close?? How much of the strength in the lower end of the housing market is due to the $8,000 tax credit being dangled by the government? The credit, available to first-time home buyers, expires Nov. 30. We’ll see in the next 30-60 days. That’s because anyone who wants to close...Read More
