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08.24.2009 3:18 pm

Will the $8k homebuyer tax credit live on? Will it grow?

St. Louis Post-Dispatch

Lots of housing industry folks credit the $8,000 first-time homebuyer tax credit with keeping the real estate market afloat this summer, even spurring a bump in sales in the last few months.

Now they’re beating the drum to extend it.

Lawmakers are starting…

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06.10.2009 12:28 pm

Renewed push to expand home-buying tax credit to $15K

St. Louis Post-Dispatch

With interest rates on the rise, business and real estate groups are once again pushing for a $15,000 tax credit for all homebuyers - a substantial upgrade from the current $8,000 credit that’s helping first-timers.

The Wall Street Journal reports today that…

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05.13.2009 6:25 pm

Rothschild project gets brownfield tax credits

St. Louis Post-Dispatch

Hallelujah, developer Pete Rochschild might say over the brownfield tax credit awarded his project to redo a vacant yet historic church in the Central West End.

The Missouri Department of Economic Development says Rothschild Development has been approved for up to $594,464 in brownfield…

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02.26.2009 11:18 am

First-time homebuyer? Familiarize yourself with this form

St. Louis Post-Dispatch

The IRS has published its much-anticipated Form 5405, the form for the $8,000 first-time homebuyer tax credit. Check out the IRS news release, and the form itself.

Remember, this is the expansion of a $7,500 loan that’s been available since last…

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02.12.2009 12:08 pm

Maybe St. Louis will benefit from that stimulus housing tax credit after all

St. Louis Post-Dispatch

Interesting analysis of the latest version of housing tax credit in the stimulus package, by Orange County Register real estate guru Jon Lansner. Check it out here.

In his opinion, the $8,000 tax credit for first-time homebuyers, which was chosen over…

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02.11.2009 5:57 pm

So much for that $15,000 credit

St. Louis Post-Dispatch

Well, it was a nice idea while it lasted.

If you haven’t heard, lawmakers in Congress appear to have reached a swift compromise on a $790 billion stimulus package (story here). And to get there, they whacked an item that’s generated…

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02.06.2009 10:15 am

$15K to buy a home: Will it help?

St. Louis Post-Dispatch

The massive stimulus package moving through the Senate has picked up a measure that should have Realtors and builders, and some homebuyers, licking their chops: A $15,000 tax credit (or 10 percent of the purchase price) for anyone who buys…

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