Mortgage Interest Deduction | proposed changes
The Mortgage Interest Deduction has been allowed by the IRS since 1894? Eliminating this has NAR and NAHB up in arms and rightfully so as it could become a fatal blow to the fragile housing market.
8000 tax credit
The Other QEII (Hint, It's Not a Ship)
Along about this time last year, there was a lot of chatter in the news and financial channels about the end of the world. Well, okay, …More
Government Mortgages Are Becoming More Expensive
Since the bursting of the housing bubble, we’ve seen the mortgage industry flood to government-backed mortgages as a source for home lending, and it makes sense. Government …More
Homebuyer Tax Credit Closing Date Shot Down, for Now
The Senate failed to pass a bill yesterday that would’ve extended the closing deadline for the homebuyer tax credit. The extension, which was part of a …More
Nabbed! Prisoners Claimed Tax Credit
You knew there would be fraud surrounding the homebuyer tax credit, but the news that prisoners claimed the tax credit either infuriated you or made you …More
Tax Credit Extension is Dead in the Water
So much for those extra three months. A legislative measure that included an extension of the closing deadline for buyers using the first-timer credit failed to pass …More
Man, Was THAT Prediction Wrong.
Okay, so I was wrong. At least I wasn’t the only one. Last month I wrote about how the expiration of the $8000 and $6500 tax …More
Tax Credit Buyers May Get an Extra Three Months to Close
About 200,000 home buyers can step back and take a breath. The Senate last week voted to push back the closing deadline for first-time buyers hoping …More
When will the Housing Market Recover? The Answer may lie in Mortgages
There are multiple resources that experts use to determine the health of the housing market. They use price indexes, new home sales, existing home sales and …More
