home buyer tax credit

Prospective Homebuyers: Time Is on Your Side

The latest reports on home sales and prices offer a complicated and conflicted picture. But when the data are taken together, one thing is clear: Weighing risk and reward, it's worth waiting a few months to see which way the real estate winds are really blowing.

Homebuilder Confidence Index Goes Nowhere

Technically, the home builder sentiment index inched one point higher to 16 in November, the National Association of Home Builders said Tuesday, but the gain was offset by a revised one-point dip in October%u2019s sentiment reading, and the numbers remain well below those seen during a healthy housing market.

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.

Home Prices Rose Better than Forecast 0.6%

Home prices in 20 major U.S. cities rose a better than expected 0.6% in July compared to June, according to the S&P/Case-Shiller Home Price survey. However, year-over-year gains slowed to a 3.2% increase in July, from 4.2% in June, which suggests a slowdown in the nation's economic recovery.

Pending Home Sales Unexpectedly Grew in July

U.S. pending home sales unexpectedly rose 5.2% in July -- a rise that may be a sign of housing sector stabilization, or it may merely reflect an elongated impact of the home buyer tax credit, due to an extended closing deadline.

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.

Home Prices Up in June: Is the Market Stabilizing?

Home prices in 20 major U.S. cities rose a better-than-expected 1% in June from May, according to the Case-Shiller index. But the home buyer tax credit probably helped lift June's data, while home sales in July have tumbled.

Shaky Real Estate: Weak Housing Starts Rise in July

July housing starts inched up to 546,000, a lower-than-expected rate that's an increase on June only because the previous month's total was revised downwards. Housing starts are now 7% lower in the past year, despite the home buyer tax-credit program.

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.

Beige Book Report: Economy Has Slowed Down

The latest Beige Book report from the U.S. Federal Reserve confirms what other recent economic reports have suggested: The U.S. economic recovery slowed somewhat in the second quarter, with some regions reporting stalled conditions.

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.

June's Home Sales Jump: Welcome -- but Not Robust

New-home sales leaped in June by 23.6% from May, to a 330,000 annual rate, but that was aided by a downward revision to May's 47-year-low, to a 267,000 annual rate from the previous 300,000. Inventories fell, but there, too, the news is mixed.

Homebuilders Losing Faith as Tax Credit Ends

The U.S. real estate market recorded another setback in July: The National Association of Home Builders reported that its Housing Market Index fell to 14 from 16 in June, with builder confidence waning and sales dipping after the expiration of the federal home-buyers tax credit.

April Home Sales Jump, But Tax Credit Is Ending

Aided by the home buyer tax credit, U.S. existing home sales jumped an unexpectedly large 7.6% in April. But is the real estate market strong enough to stand on its own now that the federal incentive has ended?