Categories: Housing Rebound

Who Qualifies for New Homebuyer Tax Credit?

Posted by: Prashant Gopal on November 06

Update: Just spoke with somebody at Sen. Chris Dodd's office. According to the senator's banking committee staff, you can qualify for the credit even if you signed a purchase contract...

Home Buyers Doing More Shopping Than Buying

Posted by: Chris Palmeri on November 06

Move Inc., parent of Realtor.com, the online listing service for the National Association of Realtors, came out with its third quarter earnings yesterday. Sales were down 11% to $53 million....

Sorry Readers: Homebuyer Credit Not Retroactive

Posted by: Prashant Gopal on November 05

Update: Just heard from White House spokeswoman Jen Psaki. The start date for the new $6,500 credit for existing homeowners will take effect as soon as Obama signs the bill...

Latest Homebuyer Tax Credit: Pay More, Get Less

Posted by: Prashant Gopal on November 04

President Obama could sign the $10.8 billion homebuyer tax credit extension and expansion plan into law as soon as next week. The Senate this evening voted 98-0 in favor of...

Is the Housing Recovery Real?

Posted by: Prashant Gopal on October 06

The U.S. government has been helping to prop up housing sales by keeping interest rates artificially low and by offering $8,000 to renters who purchase homes. A new report by...

Send Us Your Real Estate Questions

Posted by: Prashant Gopal on September 29

We spend a lot of time here on the HotProperty blog gauging the health of the real estate market and pointing to clues about where it might be heading. But...

Is Washington DC real estate poised for a rebound?

Posted by: Prashant Gopal on August 06

Demand for homes in the Washington DC metro is now outpacing supply, The Washington Post's Elizabeth Razzi reported today. The inventory of unsold homes in June dropped to a healthy...

About

BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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