Housing Market, Tax Credit | featured news

A 3.8% increase in April compared with the same period last year is the third straight month of appreciation but analysts say prices are likely to drop again with the end of the tax credit. L.A., San Diego see gain of 0.7%.

Home prices in 20 major cities gained ground for the third consecutive month in April when compared with their year-earlier levels.

Extending the homebuyer tax credit won't avoid a possible double-dip, only delay it.

New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month.

Home sales surpassed expectations for April as government incentives provided a temporary boost to the housing market.

Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending.

The wobbly housing market is showing a rare sign of strength: pending home sales were up significantly in February, a report released Monday said, suggesting that Americans took advantage of a tax credit for home buyers.

A forecasting gauge of existing-home sales rose in December, suggesting the housing market is steadying after sharp swings caused by a government tax credit.

Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers additional time to use a tax credit.

The number of homes with tentative buyers reached its highest level in three years in October, as Americans took advantage of a credit for first-time homeowners.

Home sales far exceeded expectations last month, surging to the highest level in two and a half years as first-time buyers rushed to take advantage of an expiring tax credit.