Archive for October, 2009

Administration Calls On Congress To Approve Key Housing Measures


Today both The US Secretary Of The Treasury, Tim Geithner, and Secretary of (HUD) Housing and Urban Development Shaun Donovan both called on Congress, the US Senate and the House of Representatives, to Approve Key Housing measures.
Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to [...]

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US Senate Plans To Revise, Extend, & Expand First Time Home Buyers Tax Credit


US Senate looking To Revise, Extend, & Expand Home Buyers Tax Credit

Both Top Democrats and Top Republicans are both in favor of extending the First Time Home Buyers Tax Credit.  The current Home Buyers Tax Credit is set to expire on November 30th, 2009.  However it is unclear as to when Congress would act.
The Senate [...]

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Would You Buy An Insurance Policy That Protected You If The Value Of Your Home Declined?


With Home Prices falling throughout the Northern Virginia area, if someone had offered you an insurance policy that insured you in the event that if the price of your home depreciates in value from the time you purchased your Northern Virginia home until the time in which you decide to sell your Northern Virginia home, [...]

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Existing Home Sales & The First Time Home Buyer Tax Credit


The debate over Existing Home Sales for September, and The First Time Home Buyers Tax Credit.  Diana Olick, & Steve Liesman of CNBC and Steve Ricchiuito, Chief Economist with Mizuho Securities.
Think of it this way if 21% of all Home Sales were from Zero Dollars to $100,000. And another 48% of all Home Sales were [...]

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Debate Over The First Time Home Buyer Tax Credit Continues


Erin Burnett, Diana Olick of CNBC discuss extending and expanding the First Time Home Buyers Tax Credit despite nearly half a billion dollars in fraud within the program.  Kenneth Rosen of UC Berkeley, and JD Foster of the Heritage Foundation debate the pros and cons of continuing and expanding the First Time Home Buyer Tax [...]

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HUD Secretary Hints At Support Of Home Tax Credit Extension & Expansion


Today the HUD ( Housing & Urban Development ) Secretary Shaun Donovan stated today in a statement before the Senate Banking Committee spoke on the First Time Home Buyer Tax Credit. As everyone knows by now that the tax credit expires on November 30th, 2009. The Obama Administration has not really taken a stand or [...]

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Democrats working to Extend Homebuyer Tax Credit Before It Expires


Democratic Congressional Leaders are working with the White House to extend an expiring $8,000 tax credit set to expire on November 30th, 2009.  There were even talks of making this available to current homeowners as well who purchase a new residence.
Extending and quite possibly expanding the home – buyers credit cold help in continuing to [...]

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Benefits Of Owning Your Own Home


Home ownership is good for one’s self and good for society.

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