Monthly Archives: November 2009

Tax Credits to Expire June 30: Why So Early?

Under the revised terms for tax credit eligibility, a home buyer must enter into a binding sales contract by April 30, and close on the sale no later than June 30, 2010. These deadlines apply to both first-time and repeat buyers. Why, you might ask, are the deadlines so early? Continue reading

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President Obama Signs Tax Credit Extension and Expansion

On November 6, President Obama signed H.R.3548: Worker, Homeownership, and Business Assistance Act of 2009. It extends and expands the homebuyer tax credit. The tax credit highlights are listed. Continue reading

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August Home Prices Gain, Boston Among Leaders

Home price declines across the country continued to moderate in August, according to the latest release of the S&P/Case-Shiller Home Price Index. This marks seven months of improvments in these statistics, beginning in early 2009. (See Home Prices chart.) “Broadly … Continue reading

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Congress Votes to Extend FHA , Fannie Mae and Freddie Mac Loan Limits

Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading

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