First-timeHomebuyers Articles

House of cards: Home prices may be headed back down

11:00AM 11/25/2009

Everyone heaved a sigh of relief as the latest S&P/Case Shiller U.S. National Home Price survey showed a price increase for the fifth straight month. Home prices may finally have hit bottom, but Dean Baker of the Center for Economic Policy is not so sure. In his weekly Housing Market Monitor,...

Existing home sales jump 10.1% in October

12:00PM 11/23/2009

By Joseph Lazzaro

Economy

The nearly year-long positive trend in the U.S. housing sector is continuing. Existing home sales surged 10.1% in October to a seasonally adjusted annual rate of 6.1 million units, the National Association of Realtors announced Monday. That's the highest level for existing home sales in more than...

Housing outlook: Slower sales, falling prices, more foreclosures

11:45AM 11/18/2009

By Lita Epstein

Economy, Investing

The housing market dropped off a cliff in October, as the original Nov. 30th expiration date for the first-time home buyers tax credit approached, according to the Housing Market Monitor of the Center for Economic and Policy Research. Add to that the 6.25% 60-day delinquency rate in the third...

My preschooler is now a homeowner, and other tales of fraud

12:30PM 10/28/2009

By Sarah Gilbert

Home, Ripoffs and Scams, Tax, Credit, Real Estate, Taxes, Crime, Family Money

Homebuyers did not have to truly be first-timers in order to qualify for the "first time homebuyer" tax credit, expiring Nov. 30; they only had to meet the limitation of not having owned a primary residence for the past three years, with income limits of $75,000 for individuals and $150,000 for...

Feels like the first time: Realtor group reports pending home sales at 7-year high

12:00PM 6/03/2009

By Brett Widness

Real Estate

According to our friends at the National Association of Realtors, the number of pending home sales jumped up 6.7% in April, the largest monthly gain since 2001. That puts the index 3.2% above its year-ago level, in the latest sign the battered U.S. housing sector is stabilizing. This was also the...

First-time home buyers waste time and money waiting for the bottom

4:00PM 4/27/2009

By Zac Bissonnette

Real Estate

33-year old renter Victor De Rossi tells The Associated Press that while he's looking for a home, there's no real sense of urgency: "We're just driving around, just starting the process. If I don't find the right house, we'll just rent another year." He adds that the new $8,000 tax credit for...