Tag Archives: Legislation

Home Buyer Tax Credit – Closing Date Extended to September 30th.

Congress — both the U.S. House and Senate — passed the Homebuyer Assistance and Improvement Act of 2010 (HR 5623), which extends the Closing Deadline for Homebuyer-Tax-Credit eligible transactions to September 30, 2010 (instead of June 30). This extension of … Continue reading

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Cincinnati Real Estate: First Time Home Buyer Tax Credit Deadline

The deadline for the First Time Home Buyer tax Credit is quickly approaching. The language of the legislation reads that the homes must be closed by November 30th, and many home buyers are not aware of the time it takes … Continue reading

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REALTORS Lobby Congress for Changes in Economic Stimulus Plan

The National Association of REALTORS is actively lobbying the U.S. House of Representatives for specific changes to the H.R. 1 Bill, The American Recovery and Reinvestment Act of 2009. In 2008 Congress introduced a $7,500  refundable tax credit in the … Continue reading

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More Laws Target Abandoned Houses

Across the country local and state governments are enacting laws aimed at minimizing the eyesore of foreclosed homes, according to USA Today. Properties in foreclosure are often left uncared fore and fall into disrepair, leaving local municipalities with the responsibility … Continue reading

Posted in Cincinnati Real Estate, Investment Property, Property Value | Tagged , , , , , | 1 Comment

Federal Housing Bill – Big Local Impact Expected

The Federal Hosing Bill that is working through the Senate and House right now are expected to have sizable impacts on local economies and real estate markets like Cincinnati. The Housing Bill provides financial incentives like mortgage negotiation perks, $7,500 … Continue reading

Posted in Home Buyer Resource, Mortgages and Finance | Tagged , , , | 5 Comments