Here is an article published on the Money/CNN website regarding a $7500 tax credit for (1) first time home buyers or (2) buyers who have not owned a home in the past 3 years.
http://money.cnn.com/2009/01/29/real_estate/tax_credit_near/index.htm?postversion=2009012907
There is another good link on the same web site regarding housing stimulus ideas circulating in the Senate. These ideas include: 30 year fixed-rate mortgages (for new owners and current owners looking to refinance) at 4%; increasing the first-time home buyer tax credit to $15,000; and a 90-day moratorium on foreclosures.
http://money.cnn.com/2009/02/01/news/economy/Senate_stimulus_housing/index.htm?postversion=2009020210
On the front page of the real estate section (http://money.cnn.com/real_estate/index.html) I notice two opposing headlines:
"Mortgage rates hit six week high" and "Mortgage rates down for third week." Huh?!? I checked the dates the articles were published: the former is from this week, the latter from November 2008. Hmmm... I would think CNN/Money would update their web site a little more than that. The news industry must be hurting more than housing.
About Me
- Sarah Butler Sydor
- I have identified as a runner since I was a teenager. With spine injuries starting in my mid-twenties and a serious car accident 3 years ago, I thought my running days were behind me. I woke up one day in early July 2011 and realized I was still a runner and would always be one. This blog documents my return to running.
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