Monthly Archives: April 2010

Service Members Get Extra Year for Tax Credit

Service Members Get Extra Year for Tax Credit by John Tayeb on April 29, 2010 Members of the U.S. military, foreign service and intelligence communities have another year to purchase a home and claim the home buyer tax credit. Any … Continue reading

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Fannie Extends Distressed Property Deal — #Newyork #realestate #finance #economy

Fannie Extends Distressed Property Deal by Raja Tayeb on April 29, 2010 Fannie Mae is extending through June 30 an incentive program that gives buyers of distressed properties in its inventory a 3.5 percent rebate of the final sales price. … Continue reading

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Tax Credits Have Been Pricey and Effective | #Newyork #realestate

Tax Credits Have Been Pricey and Effective by John Tayeb on April 29, 2010 As the home buyer tax credits near their end, analysts are concluding that the program was both expensive and successful. The Treasury Department estimates that the … Continue reading

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Mortgage Volume Rises to Six-Month High — #Newyork #realestate #finance #economy

Mortgage Volume Rises to Six-Month High by Raja Tayeb on April 28, 2010 Mortgage applications to purchase homes increased 7.4 percent last week on a seasonally adjusted basis compared to the previous week. This was the highest level since October … Continue reading

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Housing Analyst says ‘Worst Is Over’

Housing Analyst says ‘Worst Is Over’ by John Tayeb on April 27, 2010 Housing has slowed to the point where demand is again outstripping supply, says Metrostudy founder Mike Castleman. Metrostudy, which researches the housing industry, says demand is forcing … Continue reading

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Economist Says It’s Time to Raise Rates — #Newyork #realestate #finance #economy #business

Economist Says It’s Time to Raise Rates by John Tayeb on April 28, 2010 Some economists are saying that it’s time for the Federal Reserve to raise interest rates. Ken Rosen, chair of the University of California Fisher Center for … Continue reading

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Vacancy Rates Slip Slightly — #Newyork #realestate #economy

Vacancy Rates Slip Slightly by Raja Tayeb on April 27, 2010 The number of vacant homes fell slightly in the first quarter to 2.6 percent from 2.7 percent in the third quarter of 2009, the U.S. Commerce Department reported Monday. … Continue reading

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