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Homebuyer Tax Credit Topics

Home prices rise in 20 major cities as buyers rush to obtain tax credit

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.

 

May home sales unexpectedly fall 2.2 percent

Sales of previously occupied homes dipped 2.2 percent in May, suggesting government home-buying incentives are winding down earlier than anticipated.

 

Housing Starts Stumble After Stimulus

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

 

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