Posts Tagged ‘housing market recovery’

The process of searching for and buying property can be lengthy and difficult. And in NYC, buying real estate can present a particular challenge. The high prices and fierce competition for space in New York dictate that you be vigilant and well-prepared in order to secure a desirable property. Before attempting to purchase, prepare by following these steps.

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, homebuyer tax creditsFor those who don’t know, under the Housing and Economic Recovery act signed by President Obama in 2009, many first-time borrowers were eligible for $8,000 homebuyer tax credits if they signed contracts by April 30 on a new property (the amount was $6,500 for home owners buying a new residence. ) It’s estimated that about 3 million people took advantage of the homebuyer tax credits nationwide, until  last Friday, when the program expired. So now that these credits are no longer an option, does this mean the party is over for housing market recovery?

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Every week in my real estate roundup, I’ll comment on a popular real estate article in the news. This time I am weighing in a luxury home market trend before its going, going, gone.

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