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  • Congress Renews Mortgage Debt Relief Act through December 31, 2013

    Underwater Homeowners Breathe a Sigh of Relief as Congress Renews Mortgage Debt Relief Act! On January 1, 2013, Congress passed an extension of the Mortgage Forgiveness Debt Relief Act. This extension of this act, which has saved homeowners more than $1 billion dollars in taxes[1], is great news for struggling homeowners ...
    Posted to Karen Daniel (Weblog) by 650684 on January 3, 2013
  • The Housing Environment in 2009...

    Although evidence is accumulating that the economy is emerging from the Great Recession, there are a number of headwinds that may make the nascent recovery slower and more tentative than previous business cycle expansions. Significant job loss is one of the most tangible effects of the recession. Most sectors, with the possible exception of ...
    Posted to Karen Daniel (Weblog) by 650684 on January 14, 2010

    In 2009 the First-Time Homebuyer tax credit and affordability conditions brought first-time buyers into the market, and they comprised an unprecedented share of the market - 47%.  Some variables were unaffected by the increase in the share of first-time buyers.  The typical age of buyers was unchanged by the surge in first-time ...
    Posted to Karen Daniel (Weblog) by 650684 on January 13, 2010
  • First-time homebuyer tax credit up to $8,000, along with tax credit for ALL homebuyers up to $6,500.

    Congress giving "ALL" homebuyers a $6,500 tax break, and First Time Homebuyer up to $8,000 tax break.WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package ...
    Posted to Karen Daniel (Weblog) by 650684 on November 5, 2009
  • Am I eligible to be claimed as a "First Time Home Buyer"?

    Who is eligible to claim the tax credit? First-time home buyers purchasing any kind of home, new or resale are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the ...
    Posted to Karen Daniel (Weblog) by 650684 on September 16, 2009