Foreclosure BLOG [Posts Tagged "Housing"]

Housing Construction Up; Is Now the Time to Buy?

With prospects for the housing market looking up, the construction companies are responding. According to the Commerce Department, the construction of new houses and apartment units rose 2.8% last month to a seasonally adjusted annual rate of 519,000 units, exceeding the expectations of economists who had been examining the market. Applications for building permits decreased during the month of January, but only after two months of solid gains; overall the seasonally adjusted annual rate was 17% higher than the same time during the previous year. The trend was mirrored nationally and regionally.  read more »

First Time Homebuyers Tax Credit Coming to an End

Homebuyers who plan to take advantage of the federal government's $8,000 tax credit extension had better act fast. In order to qualify, you and the realtor must sign the purchasing contract by April 30, and the actual closing must occur by the end of June. If you want to beat the rush, block out plenty of time (around filing for taxes, of course) so that you can make your final decision with time to spare.  read more »