Archive for Federal Tax Credit

Single-Family Home Sales Provide Positive Chicago Real Estate News

The Chicago real estate market posted an increase in sales and median price for the month of February, due mostly to the single-family home sector. Total home sales last month rose 2.1 percent from January in the city of Chicago, according to the Illinois Association of REALTORS latest report. The median home price saw an [Read More]

Home Prices, Sales, Jobs Starting to Point to Recovery

Some stats to report on the national and Chicago real estate fronts that should give us a little hope for the future. First, home prices. According to the National Association of REALTORS, the national median existing single-family home price rose 0.2 percent in the fourth quarter of 2010 compared to the fourth quarter of 2009. [Read More]

February 10, 2011 | Author: Tracey | Comments: (1) | Categories: Chicago Real Estate News, Economy, Federal Tax Credit

What We Need Is Another Home Buyer’s Tax Credit

Each month this year that Chicago real estate sales have increased, experts have attributed the rise to the Federal Home Buyers Tax Credit. July was the first month that buyers could not qualify for that tax credit, so analysts were expecting a drop in sales. They got it. According to the Illinois Association of Realtors, [Read More]

August 24, 2010 | Author: Tracey | Comments: (0) | Categories: Economy, Federal Tax Credit

Active Military Can Take Advantage of the Tax Credit at The Trails of Dawson Creek

If you are looking to take advantage of the Military home buyer tax credit, look no further than the Poplar Grove new home community,  The Trails of Dawson Creek. As a member of the military, foreign service or intelligence communities, if you served on active duty outside the United States for 90 days or more [Read More]

Congress Approves Extension to Home Buyers Tax Credit

Worried you aren’t going to close on time to get your Home Buyer Federal Tax Credit? You aren’t the only one. Congress has approved a plan that would give buyers an extra three months to close on their homes in order to qualify for the tax credit. Senate Majority Leader Harry Reid, D-Nevada, introduced the [Read More]

July 01, 2010 | Author: Tracey | Comments: (2) | Categories: Chicago Real Estate News, Federal Tax Credit

It’s June: Tax-Credit Deadline Looms, Home Sweepstakes Begins

In April, we talked all about the Federal Home Buyer Tax Credit and how you had to have a contract in place by the end of the month in order to take advantage. Well, now it’s June, which makes it time to talk about the second deadline involved: To actually get your tax credit, you [Read More]

June 01, 2010 | Author: Tracey | Comments: (1) | Categories: Events, Federal Tax Credit

Home Buyers Tax Credit Expiring: Now What?

Friday is the last day to take advantage of the Federal Home Buyers Tax Credit. Do you have a contract in place? If not, don’t fear. While Congress hasn’t announced any plans to extend the program, others are stepping up with incentives to help the struggling real estate market, and my guess is there will [Read More]

April 29, 2010 | Author: Tracey | Comments: (2) | Categories: Chicago Real Estate News, Economy, Featured, Federal Tax Credit