Many economists and housing market analysts have pointed out that for the real estate market to really start its way up, it needs to reach bottom first. Each of them suggests that for this to happen, the U.S. government should leave the market alone. Now, though, an economics professor at the Harvard University says such a move will be suicidal Read full article »
Tag archives for tax credit
Government Aid Needed To Prevent Further Decline In Home Prices, Says Feldstein
category: Featured, Residential
tags: home prices, tax credit
Home Prices Up In June While Home Sales Down In July As Experts Cite Supply And Demand
Major US cities registered improvements of up to 4.2 percent for single-family homes in the month of June but many economists remained wary that the spike was temporary and mainly due to the April expiration of the federal-sponsored home buyer tax credit. Should that be the case then the inevitable tumbling of home prices would hit back soon and experts said Read full article »
category: Featured, Residential
Federal Tax Credit May Not Be Revived Soon; Two New Tools To Help Borrowers
The Obama administration knew home sales are going to plummet when the federal tax credit for home buyers expired. But even the administration says the decline is a bit alarming. It is not enough, though, to start talking about reviving the tax credit. Housing and Urban Development Secretary Shaun Donovan, speaking last Sunday on CNN’s “State of the Union”, says the Read full article »
category: Featured, Residential
tags: mortgages, tax credit
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