Bill Passes to Extend Tax Credit Deadline
Home buyer tax credit
A stand-alone bill passed today extending the closing deadline for the federal home buyer tax credit to Sept. 30, 2010. Backers of the measure said the 90-day extension would permit tens of thousands of home buyers whose paperwork didn’t clear by June 30 to still receive the credit. Estimates from the National Association of Realtors show as many as 17,700 home buyers in California may not receive the tax credit if the deadline was not extended.
Home Prices Rise in 18 of 20 Metropolitan Areas
home prices
According to the Standard & Poors Case-Shiller home price index, home prices rose 0.8% in April compared to March in 18 of the 20 metropolitan areas surveyed. This is the first monthly home price increase after six consecutive months of declines.
According to the index, home prices have moved up 3.8% in the last year. Read more 