Under the new housing bill, buyers who have not owned a home in the previous threes years will be eligible for a tax credit of 10 percent of the property, up to a maximum of $7,500. Here are some details: -The credit is $3,750 for married couples filing separately and unmarried people who file jointly [...]
Nearly two-thirds (62 percent) of U.S. homeowners believe their home’s value has either increased or stayed the same in the past year, yet 77 percent of homes actually declined in value, according to Zillow.com’s latest homeowner confidence survey. Only 19 percent of home values increased and 5 percent stayed the same, the survey finds. Still, [...]
The Sunday Real Estate section of the Los Angeles Times was printed for the last time July 27, the Times announced. The section is a casualty of the staff and space reductions taking place across the newspaper industry, while the downturn in the housing market undoubtedly has hurt news organizations’ print advertising and classified revenues. [...]
President George W. Bush signed into law a bipartisan housing stimulus bill Wednesday that is expected to bring greater stability to housing markets nationwide. The bill, strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, will help some 400,000 home owners refinance into affordable, government backed loans and offer a temporary first-time home buyer tax credit, [...]
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