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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...
Everett Collection
Ready for Home Buying 101? Beer pong and loud music make for affordable homes in college towns, at least according to Coldwell Banker’s College Home Price Comparison Index released today.
The annual report studied prices for...
Around 70% of all current homeowners will be eligible for the expanded home buyer tax credit, which should provide some boost to home prices over the next few months, according to an estimate by economists at Goldman Sachs,
The Senate on Wednesday...
Two House Republicans warned that growing losses at the Federal Housing Administration could lead to a taxpayer-funded bailout and have asked the Department of Housing and Urban Development for data backing up the FHA’s assertion that it won’t need to...
The Four Seasons’ Web Site
The Four Seasons Resort and Club near Dallas has gone delinquent on its $175 million securitized mortgage after failing to generate enough cash flow to cover its interest costs.
The hotel’s owner, closely held real-estate...
Those worrying about mortgage rates ticking up just got a reprieve. Mortgage rates dipped below 5% last week, while mortgage application volume ramped up, according to the Mortgage Bankers Association’s weekly survey.
Rates for 30-year, fixed...
