Association Outlines New Home-Buyer Tax Credit
The very low May sales rate (282,000) was due to the end of the homebuyer tax credit. New home sales are recorded when the contract is signed, not at closing, as is the case with used home sales. Thus the post-tax credit hangover came in May for new home sales, not July, as w...
Locals here in AZ have grown tired of the California/Oregon cash offers here in AZ for homes on the market. Trends point to high tax state moves to states like AZ, TX, ID, and UT here in the west. Personally, it’s hard for me to sw...
the 12 lowest months on record (back to 1963) for new home sales have all been in the last year. We are down sharply from a year ago, but that was against a “tough” comp, as sales were inflated by the rush to get in under the wire and collect the homebuyer tax credit. Sales ...
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“Projects already underway” on a single-family home or occupied apartment unit, but only if the construction crew has five or fewer individuals; “Projects already underway” on a residential unit, where the work must proceed in order for the unit to be occupied by the date set in a lega...
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Apart from its direct monetary contribution, OTML is also involved in Western’s development through tax credit scheme and other infrastructure projects such as health centres, school classrooms, houses, roads, airstrips, jetties, water supply and communication systems for the villages. ...
Also, the buyer needs to show liquid assets that is usually based on a multiple of the monthly payments. Since financing is in the U.S., the buyer would have to pay about 2 percent mortgage tax. Financing from home country This refers to getting an international mortgage from the home ...