Archive for November 2009

Tax credit extension passes House and Senate

Nov 5th, 2009 | By Gregory Arzumanov | Category: Housing News

WASHINGTON Nov. 5, 2009 The $8,000, first-time homebuyer tax credit has not yet been extended beyond its Nov. 30 end date, but its very close to gaining a longer life.
The extension was added as an amendment to an existing bill, HR 3548, that extends unemployment benefits. The U.S. Senate passed that bill [...]



Pending home sales rise again

Nov 2nd, 2009 | By Gregory Arzumanov | Category: Housing News

WASHINGTION Nov. 2, 2009 Pending home sales rose again, marking eight consecutive monthly gains the longest streak since measurement began in 2001, according to the National Association of Realtors (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of [...]