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Washington Report: No Recess for Housing
The House and Senate may have left Capitol Hill for their August break, but housing lobbyists are busy at work gearing up a major campaign to extend the $8,000 home buyer tax credit. Uptrend Continues in Pending Home Sales
Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of RealtorsŪ.
The Basics: 2009 First-Time Home Buyer Tax Credit
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers. New law triggers fear for housing
It holds some owners liable for debt, even in foreclosure.A new law passed by the Arizona Legislature that makes homeowners liable for tens of thousands of dollars on homes lost to foreclosure is now the focus of an intense repeal battle. New home sales soar 11 percent in June
New U.S. home sales jumped in June by the largest amount in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners. Foreclosure Law Amendment
Recent changes to a state foreclosure law may have unintended consequences. The changes were an attempt to protect banks from financial losses when they foreclose on homes purchased by speculators. Critics say the changes go too far and may cause a new wave of bankruptcies. Tanya Wheeless of the Arizona Bankers Association and Scottsdale-based bankruptcy attorney, Randy Nussbaum discuss the law set to take effect September 30th. Experts Say Now Is The Time To Buy
Many investment experts advise it's time to buy. With prices falling, it is a once-in-a-generation chance to load up on property, they say. Renters Have Immediate Protections from Foreclosure Under New Bill
Once signed by the President, the bill will provide renters whose landlords have lost their properties to foreclosure the right to stay in the home for 90 days after the foreclosure or through the term of their lease unless the property is sold to someone who will occupy the home. The bill will also provide similar protections to housing voucher holders. |
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