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News

• Home Buying Tax Credit Influences Buyers

  Zillow survey estimates that extending the $8,000 tax credit would attract 334,000 extra buyers.

  BUILDER

• Housing Groups, Experts Testify on Tax Credit Extension

  Maryland builder says first-time tax credit was like “oxygen” to the struggling industry this year.

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• Builders Still Waiting for Details of Tax Credit Monetization

  HUD says it will release update “soon,” but offers no timeline.

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  How to Help Your Buyers Tap Into the $8,000 Tax Credit

  The process of getting first-time buyer tax credits to the closing table is possible but tricky.

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• Treasury Releases Housing Tax Credit Usage Data

  At least 300,000 taxpayers through August have bought homes using the credit, according to tax return data.

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• Builder Reaction to Tax Credit Expansion Muted

  Many say they’re grateful for the boost, but they don’t expect giant sales gains as a result of new monetization policy.

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• NAHB: Extend Federal Housing Tax Credit

  Builders group wants credit expanded to everyone buying a ‘principal residence’ and extended for one year.

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• California Home Building Officials Press to Extend State Tax Credit

  Builders say credit has converted many prospects to buyers.

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• Breaking News: Congress Extends, Expands Housing Tax Credit

  House approves extension by vote of 402-12; buyers now have until June 30, 2010 to close on a home.

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• Existing-Home Sales Stumble in August

  First-time buyers, who represent 30% of sales, continue to take advantage of tax credit.

  BUILDER