Home buyers tax credit

Pending Home Sales Drop Points to Uneven Recovery

Pending home sales in the U.S. unexpectedly fell 1.8% in September, the National Association of Realtors reported Friday. It was the statistic's first decline in three months, and one that suggests that the housing sector's recovery is likely to remain uneven through at least early 2011.

Follow the Money to Real Growth, Not Tax Breaks

This week, David Cay Johnston published a thought experiment titled "How Would You Invest $1 Billion Under the Current Tax System?" Its premise is that if we use tax policy to boost demand, we can find more profitable ways to invest. It's a premise DailyFinance columnist and venture capitalist Peter Cohen rejects.

New-Home Sales Plunge to a Record Low in July

New home sales unexpectedly plunged 12.4% to a 276,000-unit annual rate in July, an all-time low. Combined with July's 27.2% plunge in existing-home sales, the picture is one of a U.S. housing sector that's cratering since the federal home buyers tax credit program ended on April 30.

Homebuilder Confidence Falls to a 17-Month Low

The U.S. housing sector took another hit this month as homebuilder sentiment unexpectedly fell to 13 in August from 14 in July. The measure has been drifting lower since the federal homebuyers tax credit expired this spring.

Home Prices Better Than Expected in May

Home prices in 20 major U.S. cities rose a better-than-expected 0.5% in May, Case-Shiller said Tuesday. However, the report cautioned that the home buyers tax credit likely boosted sales, and analysts are waiting to see if organic market demand holds up now that the credit program is over.

Home Buyer Credit Needed? Sales Fall Less Than Feared

Existing-home sales fell a less-than-predicted 5.1% in June to a 5.37-million-unit annual rate, as the number of people looking for houses declined after the federal home buyers tax credit ended this spring. Though the tax credit boosted sales, Congress appears unlikely to renew it.

Home buyers tax credit program stalls

home buyers tax credit programWhen it comes to trying to fix the still very much ailing real estate market in this country, it really doesn't seem as if the government can do...