All Entries Tagged With: "Federal Tax Credit"
Home Prices in Illinois Finally Inching Up
Good news about the Illinois and Chicago real estate market is so nice, isn’t it? Well, here is some more, and it happens to be the news we’ve been waiting for. Each month this year we’ve reported on an increase in sales, and April was no different. According to the Illinois Association of REALTORS, 10,323 [...]
Home-Builder Confidence at Highest Point Since ’07
Good news from the National Association of Home Builders: Builder confidence in new home sales is at its highest level in close to three years. The NAHB on Monday released this month’s Home Market Index (HMI), which shows the demand for new construction and builder confidence in new-home sales. The HMI for May is 22; [...]
First-Quarter Home Sales Offer Reason to Celebrate
Suburban and Chicago real estate saw a huge boost in first-quarter sales this year, thanks in large part to the Federal Homebuyers Tax Credit. According to the Illinois Association of Realtors (IAR), the city of Chicago marked the biggest increase, with the sale of existing homes up 41.6 percent in the first quarter of this [...]
Home Buyers Tax Credit Expiring: Now What?
Friday is the last day to take advantage of the Federal Home Buyers Tax Credit. Do you have a contract in place? If not, don’t fear. While Congress hasn’t announced any plans to extend the program, others are stepping up with incentives to help the struggling real estate market, and my guess is there will [...]
Home Buyer Tax Credit Deadline Looming, Though Not for Military Personnel
Are you buying a piece of suburban or Chicago real estate? If so, I certainly hope you will have locked in your contract by April 30 in order to take advantage of the Federal Home Buyer’s Tax Credit. Of course, if you are a member of the military, foreign service or intelligence community, you have [...]
