House Backs Home Buyer Tax Credit Extension

Wed, 30 Jun 2010 by Grayhawk Homes

WASHINGTON (Reuters) – The House of Representatives on Tuesday approved giving extra time to thousands of homebuyers trying to get a popular federal tax credit by the end of the month.

The House backed by a vote of 409-5 a measure to extend the closing deadline to September 30 for buyers who already met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers.

Lawmakers Consider Home Tax Credit Extension

Tue, 15 Jun 2010 by Grayhawk Homes

WASHINGTON - Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

Senate Majority Leader Harry Reid, D-Nev., said Thursday he wants to give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal would only allow people who already have signed contracts to finish at the later date. The National Association of Realtors estimates that about 180,000 homebuyers who already signed purchase agreements are likely to miss the deadline.

Columbus' Grayhawk Homes Ranks 128 on Annual Builder List

Wed, 02 Jun 2010 by Grayhawk Homes

Columbus-based Grayhawk Homes has moved up on Builder magazine’s list of the top homebuilders in the nation, improving to No. 128 in 2009.