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Reports and headlines say home sales increased 10.1 percent in October, up 23.5 percent from a year ago; I say up 6.6 percent for the month and almost even with last year

Dennis Norman

National Association of REALTORS Report:

According to the latest report released today from the National Association of REALTORS(R), existing home sales in October jumped 10.1 percent to a seasonally adjusted-annual rate of 6.10 million units in October from a revised level of 5.54 million in September, and are 23.5 percent higher than [...]

Homebuyer tax credit has been primary cause of recent return of buyers to market according to study

Dennis Norman

Results have just been released of a study conducted by Rosen Consulting Group as to the effectiveness of the 2009 first-time-homebuyer tax credit and the potential need for an extension of the credits. 

 The Rosen Consulting Group was retained by Fix Housing First, a coalition that was originally working to convince Congress for [...]

First-Time Home Buyers Tax Credit

Dennis Norman

By: Dennis Norman

Earlier this year Congress passed The American Recovery and Reinvestment Act of 2009.  One of the items contained within the 407 page Act that has been getting a lot of attention is an $8,000 tax credit for first-time home buyers.

 

For buyers that qualify I think this, coupled with housing affordability, [...]