Did FHA Just Throw First Time Buyers in Front of the Bus for a PR Gain?

 Welcome Back Readers!  I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have.  Let me start with this:  There are many solutions available to FHA’s problems, and there are other programs that allow cash poor buyers to still purchase homes.  It is not the end of the world, FHA is still a fine program, but I have an issue with their changes not offering a... Read More

A Whole New World – Why the New and Expanded Tax Credit May Save the US Economy!

This past Friday, President Obama signed into law H.R. 3548.  This bill, at it’s heart a bill to extend unemployment benefits {which, by the way, is being completely overlooked as the critical step it was to help the unemployed workers in this country, but that’s a topic for another day (see, I’m overlooking it too!)} contained a roundly supported amendment to Extend and Expand the First Time Home Buyer Tax Credit that was set... Read More

Home Buyer Tax Credit Passes Senate 98-0!

The Senate voted today 98-0 to pass the HR 3548.  HR 3548 is a bill  that extends unemployment benefits for an additional 20 weeks and contains an amendment that extends the existing $8,000 First Time Buyer Tax Credit and adding a tax credit for Move Up buyers! Read More  Read More

Senate Voting today on amendment to extend the $8,000 First Time Buyer Tax Credit

According to a quick release from The National Association of Realtors today, the Senate is voting on an amendment to Extend Unemployment Insurance Benefits.  In this bill, there is an amendment titled “Dodd-Lieberman-Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit”.   Read More  Read More