New-Home Sales Increased 0.7% to 429,000 Rate in August September 25, 2009, Bloomberg News Sales of new U.S. homes climbed in August to the highest level in almost a year as builders cut prices at a record pace to compete with the foreclosures that are flooding the market for previously owned houses...
U.S. Housing and Urban Development Secretary Shaun Donovan announced May 29 that a recently enacted $8,000 first-time homebuyer tax credit could be immediately applied to closing costs for a home purchase, including down payment in some cases. The tax credit can be applied to a down payment one of two...