Homebuyer Tax Credit

This Month in Real Estate July 2010

July 7th, 2010

This Month in Real Estate July 2010 is here! May's sales across the United States were down 2.2% from April, but May closings were up 19.2% from May 2009. I am certain much of this is due to the extended homebuyer tax credit and buyers working to ensure they close long before the settlement deadline [...]

President Obama Signed Tax Credit Extension Into Law

July 2nd, 2010

This morning, President Obama signed the tax credit extension into law, helping about 180,000 buyers who were unable to settle by June 30, 2010 to hopefully receive their due tax credit. NAR reported that around 180,000 eligible buyers were unable to settle by the original deadline to no fault of theirs, causing them to lose [...]

Senate Passes Homebuyer Tax Credit Extension

June 30th, 2010

The Senate passed the homebuyer tax credit extension today, allowing those who were under contract by April 30, 2010 to move past the original deadline of today, June 30, 2010 to settle by September 30, 2010. NASDAQ reported this wonderful news a short time ago. The House voted in favor of the homebuyer tax credit [...]

Up to 180,000 Homebuyers May Lose Tax Credit if Not Extended

June 29th, 2010

Up to 180,000 homebuyers may lose the tax credit if the deadline is not extended past June 30, 2010 -- and not by any fault of those buyers. NAR reports that in Maryland, that number is around 2,630 homebuyers. This is due to waiting on short sales, foreclosures, or lender delays, none of which these [...]

Tax Credit Not Extended

June 25th, 2010

The tax credit extension bill did not pass in the Senate today. Those qualifying buyers who wish to receive the credit MUST close by next Wednesday, June 30, 2010.

This Month in Real Estate May 2010

May 17th, 2010

This Month in Real Estate May 2010 is here! April 30, 2010 marked the end of the Homebuyer Tax Credit. Though there was an small uptick in sales from qualified homebuyers, this does not truly mean the end of the spring market for sellers who are currently on the market or getting ready to go [...]

Baltimore Home Sales Up 35% in April 2010

May 15th, 2010

Baltimore home sales were up 35% in April over March's sales as well as over April 2009 sales. This a telling sign that buyers were looking to take advantage of the ending homebuyer tax credit, as well as hopefully previewing that the economy is beginning a recovery. The Baltimore Business Journal reported this on information [...]

Tax Credit Contract Deadline Passed

May 1st, 2010

The tax credit contract deadline passed last night at midnight, so buyers who may have qualified yet were unable to get a legally binding contract in place are no longer able to get the credit, even if they settle by June 30, 2010. Though I did see an increase in the Baltimore real estate market [...]

Go to Top