November 2009

The First-Time Home Buyer Tax Credit Extended and Expanded to Include Current Homeowners

November 6, 2009 by MikeRosen · Leave a Comment 

Congress both extended and expanded the First-Time Home Buyer Tax Credit program Thursday. 
The White House says the President will sign it into law today.
The up-to-$8000 tax credit’s expiration date has been pushed forward to spring, requiring homebuyers to be under contract by April 30, 2010, and to be closed by June 30, 2010.
The program’s basic eligibility [...]

Because Of The Federal Reserve, You Should Lock Before 2:15 PM ET Today

November 4, 2009 by MikeRosen · Leave a Comment 

The Federal Open Market Committee caps off a scheduled, 2-day meeting today in the nation’s capital, its 8th meeting of the year.
The group adjourns at 2:15 PM ET and, as is customary, will issue a press release reviewing its monetary policy and the health of the U.S. economy. 
The FOMC’s post-meeting statements are brief but comprehensive. They’re a window into the [...]

Higher Home Prices Ahead, Says The Pending Home Sales Index

November 3, 2009 by MikeRosen · Leave a Comment 

The housing market continues to steam forward.
As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September.
It’s the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006.
A Pending Home Sale is a [...]