RISMEDIA, March 2011—The IRS recently released information on processing issues that are impacting a small percentage of tax returns involving repayment of the First Time Homebuyer Credit (FTHB), primarily involving 2008 home purchases. While most of these returns are...
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House Votes to Rescind $1B in Neighborhood Stabilization Grants
The U.S. House of Representatives voted Wednesday to pull the plug on HUD’s Neighborhood Stabilization Program (NSP) and rescind $1 billion in grant money that was appropriated under the Dodd-Frank Act but has not yet been awarded. NSP provides funding to local...
House Votes to Rescind $1B in Neighborhood Stabilization Grants
DSNews.com - The U.S. House of Representatives voted Wednesday to pull the plug on HUD’s Neighborhood Stabilization Program (NSP) and rescind $1 billion in grant money that was appropriated under the Dodd-Frank Act but has not yet been awarded. NSP provides funding to...
Local Market Report, Fourth Quarter 2010 – Virginia Beach/Norfolk/Newport News Area
Year-over-year prices swung negative this quarter after growing last quarter according to NAR. Real estate remains a long-term investment. Those who have owned for more than 3 years have seen the equity in their home grow. For the full 4th Quarter Report, Click...
Luxury Homes for Sale Skyrockets Above 30,000 Nationally!
Inventories of homes for sale for over one million rose above 30,000 nationally last week according to the Institute for Luxury Home Marketing’s weekly housing report. Average days on market for higher end homes has slowly risen since the summer to each 165 days...