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Tag Archive
Tax-credit bounce evident in PA home sales
At the beginning of 2010, for a majority of the reporting regions, sales activities were down, however, sales uniformly picked up in the second, third and fourth months. »
The politics and economics of the homebuyer tax credit
It is virtually certain that tax credits have no long-term impact on the market, however, the objective is to support the housing market and real estate industry in the short-term. Endorsing a short-term subsidy is one thing; observing a lasting effect is quite another. »
PHFA allocating remaining tax credit funds
PHFA is accepting reservations for the remaining money up until May 15 or until the money runs out, said Kate Newton, PHFA director of Homeownership Programs. »
Company offers ‘buyer bonus’ to extend tax credit benefits
Immediately following the expiration of this government initiative, home sellers participating in the Coldwell Banker Buyer Bonus Sales Event will offer a credit of three percent (up to $8,000), when part of an accepted offer, of their home’s purchase price to buyers who sign a contract between May 1 and July 31, 2010. »
Single homebuyers find buying a home more cost effective than renting
Coldwell Banker Real Estate is seeing an influx of single, first-time homebuyers taking advantage of more affordable home prices, larger inventory, low interest rates and federal tax incentives. »
Coldwell Banker CEO: Tax credit working, survey says
The survey of 1,000 homeowners showed that 83 percent said that if they were to purchase a home and qualify for the tax credit, they would engage in “smart spending” -- or put the money toward existing debts, home improvements, savings/investments or household expenses. »
Rendell says $1.2 billion available to help homebuyers
Homebuyers in the Commonwealth will benefit from more than $1.2 billion being made available through the PA Housing Finance Agency (PHFA), according to Gov. Ed Rendell. He announced at a press conference Tuesday that Pennsylvania is “fighting back” against the effects of Wall Street greed by helping homebuyers with low-interest, fixed-rate mortgages offered through... »
PHFA offers Tax Credit Advance Loan — again
The PA Housing Finance Agency announced that it has allocated another $5 million to fund the TCA program, following the federal government’s extension and expansion of the homebuyer’s tax credit, said Kate Newton, PHFA director of Homeownership Programs. »
November 30 is closer than you think
November 30th is Monday after Thanksgiving weekend. Are you willing to schedule closing for the 30th if a delay could cost your buyer $8,000? »
FHA allowing homebuyers to use $8,000 tax credit as down payment
HUD Secretary Shaun Donovan provided good news yesterday for first-time homebuyers at NAR's Midyear Legislative Meetings in Washington, D.C. »
