Owning your own home is part of the American dream. But according to a recent Wall Street Journal article, owning a home is not always the best idea. Some Americans who cashed in on the $8,000 first-time home buyers credit before it expired in April 2010 got a bad deal. The credit pushed up sales […]
Turn Your Tax Refund Into a 30% Credit
How to spend your tax refund, then get it all back plus 30%. Sound crazy? Watch this video… Contacting us is easy. Just use the comment link below. Your email address is required in order to post a question or comment, but it will never be published on this site. We simply require the email […]
Homebuyer Tax Credit Boosted Home Prices
A new report from FNC says that without the first-time homebuyer tax credit programs that expired earlier this year, home prices nationwide would be significantly lower than they currently are. According to the company’s Residential Price Index, national home prices showed an “abnormal” increase of 10.1 percent during the time the credit was active, and […]
Pending Home Sales Ease in Post-Tax Credit Market
Pending home sales edged down with near-term sales expected to be notably lower in contrasts to the spring surge when buyers rushed to take advantage of the home buyer tax credit. Questions or comments? Use the comment link below to contact us. Even though your email address is required to comment, it will NEVER be […]
Residential Construction Spending Up Slightly
Residential Construction Spending Up Slightly The U.S. Census Bureau recently released their February read of construction spending showing a continued slowing of the government’s tax-carrot fueled bounce in residential construction spending while indicating continued weakness to non-residential construction spending. Even with the governments tax-credit gimmick, residential construction spending is still 3.85% below the level seen […]
New Legislation Introduced to Remove Marriage Penalty
New Legislation Introduced to Remove Marriage Penalty Legislation was recently introduced by Representative Eliot Engel (D-NY17) that would amend the Internal Revenue Code of 1986 eliminating the so called “marriage penalty” from the Home Buyer Tax Credit. The current guidelines require both spouses to have the same exact ownership history in order to claim the […]
How to Claim the New Home Tax Credit
How to Claim the New Home Tax Credit If you benefited from the U.S. Homebuyers Tax Credit in 2009, and now want to apply it to your tax forms prior to April 15, here’s a handy step-by-step guide in doing so — easily and accurately. The primary takeaway from homebuyers who qualify for the tax […]
Homeowners Coming to Terms with Actual Home Prices
Homeowners Coming to Terms with Actual Home Prices The real estate smart search engine Trulia just recently released its March 2010 Reduction Report revealing that homeowners were finally coming in line with agents about what their homes are really worth. March marked a record low in residential property price reductions due to a more realistic […]
Why Rent When Home Prices Are So Low?
Why Rent When Home Prices Are So Low? Mortgage rates are at record lows. Home prices are at record lows, and the federal government is offering tax credits for purchasing a home. Why then should anyone rent? Home prices and mortgage rates have dropped so much that the cost to own and maintain a house […]
Tax Guidance for Repeat Home Buyers
Tax Guidance for Repeat Home Buyers If you’ve been holding off getting involved with the new $6,500 federal tax credit for repeat home buyers, there’s no more excuse for inaction. You now have all the official IRS guidance you’ll need to buy a house, qualify for the credit and pocket the $6,500. That’s because the […]