WASHINGTON (AP) — Homebuyers would get an extra three months to complete their purchases and qualify for a generous tax credit under a bill overwhelmingly passed by the House on Tuesday. Under current law, homebuyers who signed purchase agreements by April 30 have until Wednesday to close on the sale to qualify for tax credits […]
real estate
Posted inBusiness, sj-web
Home prices rise 0.8 percent in April from March
NEW YORK (AP) — Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted an 0.8 percent gain. It had fallen in […]
advertisement
Posted inBusiness, sj-web
New-home sales plunge 33 percent with tax credits gone
WASHINGTON (AP) — Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits. The bleak report from the Commerce Department is the first sign of how the end of federal tax credits could […]
Posted inBusiness, sj-web
Maine home sales jump 63 percent in April
SOUTH PORTLAND, Maine (AP) — Maine real estate agents say home sales surged in April as homebuyers rushed to take advantage of record-low mortgage rates and the federal home buyer tax credit. The Maine Real Estate Information System said Monday that sales of existing single-family homes jumped by 63 percent over April 2009. The median […]
Posted inRiver Valley, The Franklin Journal
Study reveals wind farms don’t adversely impact property values
BERKELEY, CALIF.— Wind energy projects don’t adversely affect values of nearby residential property, according to a study released Wednesday by the U. S. Department of Energy‘s Lawrence Berkeley National Laboratory in California. The 164-page report, which was funded by the DOE, is based on site visits, data collection and analysis of nearly 7,500 single-family home […]