A “softer” economic recovery prompted Federal Reserve officials to discuss the possibility of “further policy stimulus” at last month’s monetary policy meeting, according to minutes released by the Fed ...

More than $9 million in first-time homebuyer tax credits went to individuals incarcerated when they reported that they had purchased their home – and that’s just a fraction of the fraud or errors uncovered in ...

Sales of new single-family homes virtually collapsed in May following the expiration of homebuyer tax credits, falling by a record 32.7 percent. The Commerce Department’s report of a 300,000-unit annual rate for ...

Expiring tax incentives sparked a 14.8 percent surge in new, single-family home sales in April to a seasonally adjusted rate of 504,000 units, according to the U.S. Commerce Department. It was the biggest boost ...

A key survey of mortgage applications plummeted 27 percent last week to a level not seen since 1997, signaling a downturn in home purchases following the expiration of homebuyer tax credits, according to the Mortgage ...

Housing starts registered a bigger-than-expected jump in April – the highest level in 18 months – but construction permits saw a big drop and that may signal a summer dip in activity for the fragile housing ...

About 22 percent of listings on the market as of May 1 have seen at least one price reduction, representing a 10 percent increase in the quantity of reduced-price homes in April, when homebuyer tax credits were ...

The Homebuyer Tax Credit program expires today, nearly six months after it was extended and expanded as part of an economic recovery package of incentives for Americans and an intended boost for the ailing and sluggish ...

The major housing indicators agree that the homebuyer tax credits – extended and expanded late last year – finally kicked in last month as new home sales soared 27 percent for March,  a month over month rate ...

Tax credits expanded late last year for first-time and repeat buyers are finally having a substantial effect on existing home sales, which registered 5.35 million units in March, up 6.8 percent from February – ...