Home Buyer Tax Credit Critical
If all home buyers become eligible for a tax credit without a repayment feature, it could result in an additional 555,000 home sales - enough to meaningfully draw down excess housing inventory, according to the National Association of Realtors®.
An evaluation of options for a home buyer tax credit by NAR shows […]

The importance of the Federal Housing Administration’s role in the economic and housing recovery has never been more apparent, and the National Association of Realtors® reinforced this message in testimony submitted to Congress today.
“FHA insurance is one of the primary sources of mortgage financing available to families today,” said NAR President Charles McMillan, a broker […]

A bill that embraces the need for righting the housing market-the first big step toward economic recovery-was introduced Friday in the U.S. House of Representatives.
H.R. 384, The TARP Reform and Accountability Act, was offered by Rep. Barney Frank (D-Mass.), chair of the House Financial Services Committee. The bill would require the Treasury Department to develop […]

After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said a weakening was inevitable. “Mounting job losses and very weak consumer confidence deterred home buyers from signing contracts in November,” he said. […]

There is some misinformation in the media lately about the required size of a down payment for a mortgage in today’s market, and the blog world is abuzz with misperceptions. Not all so-called experts are knowledgeable in this area, and some experts are being misunderstood.
The facts:

1. An individual may be required to put down 20 […]