A new report today stated that the government's first-time home buyer $8,000 tax credit has spurred a significant amount of sales this year, estimated to be as many as 400,000 by the time the program ends at the end of November. At the same time, news reports this morning state that Senate negotiators have reached a tentative deal on extending and slightly expanding the tax credit.

The deadline for first-time home buyers to get the credit is approaching fast. If some Congress members have their way, that deadline will be extended and the program will be opened up to everyone.

If you are hoping to buy a home and enjoy the $8,000 tax credit, you’d better hurry, because November 30th is approaching rapidly. Since most home sales are taking at least 45 days from start to close it’s going to be a photo finish for those of you who currently out looking for that perfect property.

The House of Representatives has voted to extend the popular $8000 first time home buyers tax credit to military personnel who are currently serving overseas. These soldiers and their families might have missed out on this credit, if it is not otherwise extended, because they were serving their country while it was being offered.

According to Peter Hooper, a chief economist at Deutsche Bank Securities Inc., if the Fed and the government abruptly stop the two stimulus programs that are in place to help the recovery of the housing market the currently mortgage rates may go up by a half to one percentage point. Hooper is a former Fed official and refers to the First Time Home Buyer $8,000 dollar tax credit and Fed's buying of mortgage backed securities that has helped to keep today's mortgage rates low.

Katya Simmons has several difficulties that may make a home purchase difficult in South Florida. Her income limits her to a price of not more than $120,000, her savings are hot excessive, and she’s in a hurry in a tight market. Like so many other first time buyers, she’s desperately hunting for a property that she can close on before the first time home buyer tax credit expires on November 30.

The national association of Realtors reported Friday that pending home sales rose 3.2% in July. This is great news because expectations were set at 2% and this now makes six months in a row in which pending home contracts have increased. This is the first time we have had such a streak in the eight year history of the Case-Shiller index. Many believe that the enthusiasm is being fueled by the $8000 First Time Homebuyer income tax credit that is set to expire on Dec 1st, 2009.

During the last few weeks the media wrote few interesting stories about the growing power that the lenders have in regard to home appraisals and how the appraisals are becoming pricier. However, let's look into the issue deeper. What really house appraisal involves. Ravisankar Poduval reports.

It never stops to amaze me what some lenders pass for a good faith estimate. Typically when a customer starts shopping for his or her mortgage lender they will start by calling around to find the lowest mortgage rate.

Charlotte is the second largest banking city in the US and people move here for those types of jobs, despite the fact that banks are having issues in today’s marketplace. Although the Queen City is not considered a “Big City”, it certainly has its perks. Coming from Detroit myself over 8 years ago, I found the metro area to be a nice balance of city life as well as peaceful small towns.

The Center for Responsible Lending (CRL) estimates that one million new foreclosures have been filed so far in 2009. The news comes on the heels of the release of the first quarter 2009 National Delinquency Survey from the Mortgage Bankers Association (MBA) which reveals that 12 percent of all mortgages are now delinquent, the highest level in the 37 years the MBA has been measuring delinquency rates.

HUD creates new $8000 dollar tax credit flexibility for first time home buyers.