Don't forget to remind them about the first - time
home buyer tax credit deadline.
While the original
home buyer tax credit deadline passed in April 2010 (and isn't available in 2012), military families and some government workers on assignment outside the U.S. were given an extension until April 30, 2011, to get a home under contract and take advantage of up to $ 8,000 in tax credits for first - time buyers and $ 6,500 in credits for repeat buyers.
Not exact matches
Contract activity in July 2012 was at the highest level since April 2010 when
buyers were rushing to beat the
deadline for the
home buyer tax credit.
This extended the
deadline for the First - Time
Home Buyer Tax Credit from Nov. 30, 2009, to April 30, 2010, and expanded it to include repeat
buyers.
Existing -
home sales1, which are completed transactions that include single - family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million in May from a downwardly revised 5.00 million in April, and are 15.3 percent below a 5.68 million pace in May 2010 when sales were surging to beat the
deadline for the
home buyer tax credit.
That guidance is especially critical for
buyers who are trying to beat the Nov. 30 closing
deadline to qualify for the federal first - time
home buyer tax credit.
Beyond the usual crop of
buyers and sellers using the school year as their timeline, there are thousands more who'll be motivated to get a deal in writing by April 30 to qualify for the federal
home buyer tax credit, which was expanded late last year to include both first - time and repeat buyers (see «Tax Credit Deadline: What You Need to Know»
tax credit, which was expanded late last year to include both first - time and repeat buyers (see «Tax Credit Deadline: What You Need to Know&ra
credit, which was expanded late last year to include both first - time and repeat
buyers (see «
Tax Credit Deadline: What You Need to Know»
Tax Credit Deadline: What You Need to Know&ra
Credit Deadline: What You Need to Know»).
The time
homes spend on the market is also down 14 % as
buyers scramble to take advantage of the
tax credits before the
deadline of April 30, 2010.
I'm seeing an upswing in sold prices and the amount of
homes selling since the April 30th
deadline of the
Home Buyer tax credit.
The last time the index was higher was in April 2010 when it reached 111.5 as
buyers rushed to beat the
deadline for the
home buyer tax credit.
Lawrence Yun, NAR chief economist, said the index is at the highest level since April 2010, which was shortly before the closing
deadline for the
home buyer tax credit.
Total existing -
home sales1, which are completed transactions that include single - family, townhomes, condominiums and co-ops, declined 0.8 percent to a seasonally adjusted annual rate of 4.77 million in June from 4.81 million in May, and remain 8.8 percent below the 5.23 million unit level in June 2010, which was the scheduled closing
deadline for the
home buyer tax credit.
June 2010 was the closing
deadline for the
home buyer tax credit.