This Month in Real Estate
This Month In Real Estate: 2009 First Time Home Buyer Tax Credit Special Edition
Great news! The $8,000 tax credit has been extended until June 30th of 2010! But you must be under contract by April 30th, 2010. It also extends the tax credit for existing home owners in the amount of $6,500. So it is a great time to sell and move up! You are likely in a home that has lost value. But imagine how much the price of your dream home that you couldn't afford 3 years ago has dropped.
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November 2009
The Housing Crisis is Over -- Wall Street Journal
Wall Street Journal, By Cyril Moulle-Berteaux
May 6, 2008
The dire headlines coming fast and furious in the financial and popular press suggest that the
housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S.
housing market. Yes, the housing market is bottoming right now.
How can this be? For starters, a bottom does not mean that prices are about to return to the
heady days of 2005. That probably won't happen for another 15 years. It just means that the
trend is no longer getting worse, which is the critical factor.
Most people forget that the current housing bust is nearly three years old. Home sales peaked in
July 2005.
