Nearly 1.8 million taxpayers claimed a total of almost $12.5 billion under the popular first-time homebuyer tax credit program, but more than 950,000 taxpayers will be required to repay the credits because their homes were purchased in 2008, according to a U.S. Treasury report released recently. And many more may have to repay the credits […]
Pending Home Sales Increase in March
Pending Home Sales Increase in March The spring homebuying season may be gaining momentum, according to the latest data from the National Association of Realtors. The number of contracts signed, which is measured by the company’s Pending Home Sales Index, reached 102.9 in March. This is a 5.3 percent increase over the previous month’s 97.7, […]
Tax Tips for Homeowners
Tax Tips for Homeowners Attention homeowners! Over a million Americans overpay their taxes by an estimated $945 million every year. Here are the top tax deductions, in no particular order, that you need to know about: Mortgage Interest. This is usually fully tax-deductible, and applies to multiple mortgages as long as it doesn’t exceed $1 […]
Pending Home Sales Showing Improvement
Pending Home Sales Showing Improvement Recent data finds that pending home sales are holding steady over the past couple of months, while indicating that market conditions have improved considerably since the height of the recession. According to the National Association of Realtors, its pending home sales index increased to 96.6 in December, marking a 1 […]