In my economic forecast presentations this year one of the mega themes is that people that graduated from a technical school, college or university in the past three years or the coming three years will be more pre-disposed to be renters than home owners.  Literally,… Read more

July 2011 Existing Home Sales Up 21 Percent From July 2010 at 4.67 Million SAAR — But Were Down 3.5 Percent Sequentially From June 2011 — Median Price Down 4.4 Percent Year-Over-Year at $174,000 Year over year home sales rose 21 percent from July 2010… Read more

House Passes Standalone Bill Extending Closings for $8,0000 Tax Credit to Sep 30 — Senate Now Needs to Do Likewise While the US Senate had already included provisions for extending the time allowed to close contracts signed originally qualifying for an $8,000 homebuyer tax credit,… Read more

Senate OKs Extending Closing Deadline For Three Months Beyond June 30 for Contracts Signed by April 30 for Tax Credit — House Needs to Pass Also Senate OKs extending home-buyer credit deadline

Home building craters after tax break expires

Realtors Asking Congress to Extend Closing Deadline for $8,000 Tax Credit on Homes With Contracts Signed Prior to May 1, 2010 — Short Sales Not Expediting Adequately – Realtors Want Congress to Tweak Tax Credit Timeline- Wall Street Journal