All Entries Tagged With: "Federal Tax Credit"
Chicago and Suburban Home Sales Keep Moving Up
The Chicago real estate market is showing signs of stabilization.
On Thursday, the Illinois Association of Realtors (IAR) reported that existing home sales went up for the 10th straight month in Chicago and throughout Illinois.
According to IAR’s latest report, there were 2,526 total home sales in June 2010 in the city of Chicago; that’s a 27.5 [...]
Congress Approves Extension to Home Buyers Tax Credit
Worried you aren’t going to close on time to get your Home Buyer Federal Tax Credit? You aren’t the only one.
Congress has approved a plan that would give buyers an extra three months to close on their homes in order to qualify for the tax credit.
Senate Majority Leader Harry Reid, D-Nevada, introduced the measure, which [...]
May Home Sales Shower Positive News on Chicago Area
The Chicago real estate market continues to improve.
According to the Illinois Association of Realtors, year-over-year existing home sales in the Chicago area increased for the 11th straight month, up 33.6 percent in May 2010 compared to May 2009.
The city of Chicago saw an increase for its ninth consecutive month, up 32.1 percent in May over [...]
Construction Activity Saw Largest Increase in Almost 10 Years
The hardest-hit sector of the real estate industry is showing signs of improvement.
The U.S. Census Bureau of the Department of Commerce on Tuesday announced that construction spending throughout the nation in April 2010 rose by 2.7 percent to an annual rate of $869.1 billion compared to March.
That’s the largest one-month increase since August 2000. To [...]
It’s June: Tax-Credit Deadline Looms, Home Sweepstakes Begins
In April, we talked all about the Federal Home Buyer Tax Credit and how you had to have a contract in place by the end of the month in order to take advantage.
Well, now it’s June, which makes it time to talk about the second deadline involved: To actually get your tax credit, you must [...]
