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Prospects for a Senate deal to extend the homebuyer tax credit remain good. But details still need to be worked out, and worries about its cost and effectiveness are weighing on some lawmakers’ minds.
The $8,000 first-time home buyer tax credit may have been used by tens of thousands of people who weren’t supposed to receive it, an Internal Revenue Service watchdog official told a Congressional hearing on Thursday.
Russell George, who serve...
The nation’s top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing...
With many Americans boomeranging back with mom and dad or sharing digs with roommates, the nation’s apartment operators–particularly the public players–continue to bite their nails as they await recovery.
As our colleagues at the Econ blog write, the...
More and more Americans find themselves underwater, and it has nothing to do with a swimming pool – though it could be described as feeling like they’re drowning. As we report in Tuesday’s WSJ, nearly one in four borrowers - or roughly 10.7 million...
Peter Rymwid
Was the Solaria auction a success? On Sunday more than 200 people showed up to a hotel in midtown Manhattan for the auction of 54 luxury condos located in the luxury high-rise in the Bronx’s Riverdale neighborhood, according to this...
Getty Images
Holiday Retreat: Most sellers try and avoid having buyers traipse through their decorated house.
Home resales surged 10.1% in October — hitting the highest pace since February of 2007 — fueled by buyers rushing to tap the federal tax...
Real Estate News compiles a daily wrap-up from each morning’s Wall Street Journal and other news sources.
Existing-Home Sales Jump 10.1% (WSJ): Home resales leaped up in October, rising far more than expected as a fat tax credit offset fears about...
