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Local home builders were banking on at least two years of relief.
The process of getting first-time buyer tax credits to the closing table is possible but tricky.
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Some federal bills would increase amount available for all buyers. But budget deficits raise questions about the extent of state programs, particularly in California.
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Builders say credit has converted many prospects to buyers.
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Jun. 14--When it comes to energy efficiency, new homes in Missouri aren't necessarily created equal.
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TRCC, which had been evaluating the legitimacy of homeowner complaints, will cease operations next summer.
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Many say they’re grateful for the boost, but they don’t expect giant sales gains as a result of new monetization policy.
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May 31--Fed up with inaction at the State House and slow aid from Washington, Bay State cities and towns are pushing ahead with grassroots efforts to halt bank seizures and protect neighborhoods ravaged by the national mortgage crisis.
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Donovan says housing will be included in the Obama administration’s recovery plans.
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HUD says it will release update “soon,” but offers no timeline.
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May 20--HARTFORD -- Municipal officials would be able to track down the owners of foreclosed properties through a national database and move more swiftly to enforce local blight ordinances under a bill approved Tuesday by the state Senate.
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WASHINGTON - Congress on Tuesday sent the president legislation that encourages banks to spare homeowners from foreclosure, after the industry helped scuttle a tougher measure that would have forced lenders to reduce monthly payments of owners in bankruptcy.
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Details are still unclear whether or not home buyers must be working with a state housing finance agency to monetize credit for downpayment or equity.
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May 8--WASHINGTON -- To Rep. Michele Bachmann, R-Minn., it would have been a "layer of protection for taxpayers."
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May 8--Some of Minnesota's biggest unions and construction companies are pushing a plan to use state loan guarantees and tax breaks to kick-start a building industry that has been staggered by the recession.
Some companies that are restructuring their debt could benefit.
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New code requires single-family homes to reach one of eight point thresholds based on house and lot size.
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Sponsor abruptly pulls bill that would have paid homeowners higher interest on settlement payments.
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Such efforts should eventually help builders by reducing inventory of foreclosed homes.
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But municipal opposition could keep the governor from signing the new legislation.