Real Estate News
Get tax credits for energy improvements
( 05/17/2006 5:40 PM )
Get tax credits for energy improvements By Jennie L. Phipps Bankrate.com If the thought of rising energy bills has you rushing out to buy insulation, hold off until after Jan. 1, 2006, when the recently enacted Energy Tax Incentives Act of 2005 kicks in.......read more
New-Home Sales Jump A 'Surprising' 13 Percent In October
( 05/17/2006 5:40 PM )
Sales of new single-family homes jumped a surprising 13% to a record seasonally adjusted annual rate of 1.424 million units in October, the U.S. Commerce Department reports. The October sales pace was 9.0% above a year ago. "Home builders continue to see healthy demand for new homes and expect sales activity to continue at slightly more moderate levels in the months ahead," said David Wilson, president of the National Association of Home Builders and a custom home builder from Ketchum, Idaho. "Our monthly Housing Market Index surveys of builders show that a majority have maintained a positive view of future sales but that builder sentiment has moved down from mid-year highs." (Source: NAHB) Full Story . . .
New Home Sales Hit Record High in March
( 05/17/2006 5:40 PM )
WASHINGTON - Sales of new homes shot up 12.2 percent in March to a record high as the nation's housing market continued to soar despite rising mortgage rates.