Yesterday, in the final hours of the original deadline to close on a home eligible for the homebuyer tax credits, the Senate voted to extend the closing date by three months to Sept. 30, 2010. The extension only applies to buyers who signed a contract to purchase on or before April 30, 2010.
Four Myths of the Housing Market
After several years of housing depreciation the one thing that seems to be on everyone’s mind is, "When will this housing recession end?," and "When will my house start gaining value again?." This eagerness by homeowners to get the housing market back on track has spawned several misconceptions about the housing market.