The April 30 deadline for homebuyer tax credits of up to $8,000 pulled many sales forward, likely draining activity from the usually heated spring and summer months. Economists say it will take several more months before its clear whether the market can stand on its own or retreats anew after the credit’s demise. New and existing home sales likely were robust in April as buyers raced to beat the deadline for the credit. This would follow a five-month high in pending sales of previously owned homes in March.
April home sales and loan demand reflect tax credit end
Most Popular Articles
Latest Articles
Reverse mortgages seen as a path forward for lenders
Leaders at Guild Mortgage and Guaranteed Rate explained some of their approaches to the reverse mortgage business during The Gathering.
-
Blend receives $150M infusion from Haveli Investments
-
Michigan attorney general reissues reverse mortgage consumer alert
-
eXp Realty makes changes to its executive team
-
Housing affordability dipped in March: First American
-
Title insurance executives are confident the Biden proposals won’t come to much