The credit to home buyers taking advantage of the federal government’s tax credit has reached $23.5 billion, according to the Internal Revenue Service. Some $16.2-billion was for the first time home buyers $8,000 credit and $6,500 grants to first and second time buyers. The tax credits produced a spike in home sales in the majority… Continue reading $23 Billion in Home Buyer Tax Credits
Category: New York
New York housing market
$100 Home Deal Not Dead
The federal $100 home deal that started out in one of the nation’s hardest hit foreclosure centers is expanding into more states. The move is part of government efforts to revitalize neighborhoods devastated by the foreclosure crisis. The program was launched in Cleveland, Ohio allowing non-profits to take control of homes that were foreclosed as… Continue reading $100 Home Deal Not Dead