Posts Tagged ‘Residential real estate’

If you are thinking about moving to New York City (NYC), you are not alone.  But affordable housing can be difficult to find.  Here is a breakdown of recent real estate trends by borough in the metropolitan area.

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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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