Here’s an informative video on this topic. Watch the Chief Economist of NAHB answer frequently asked questions about both the First Time and the Repeat Buyer  tax credits.

One piece of the Worker Homeownership, and Business Assistance Act of 2009 just signed into law last week by President Obama, was the expansion of the First Time Buyer Tax Credit to include move up and repeat buyers.  The new Move-Up/Repeat Home Buyer...

Mortgage rates should improve a bit this morning on news that October job losses of 190,000 were higher than analysts expected.  Unemployment topped 10% for the first time in a long time.  The see-saw continues.  Is the economy healing or isn’t...

Voluntary or “strategic” mortgage defaults are challenging governmental efforts to resolve the real estate crisis.  But what are strategic defaults? “Strategic defaulters often go straight from perfect payment histories to no mortgage payments at all....

Are you waiting for lower mortgage rates?  Don’t be silly. Mortgage rates have started to creep slowly northward these past couple of weeks. The normal volatility associated with stock trading and economic news seems like it has produced more upticks...