Existing home sale up 9.2%

http://www.reuters.com/article/topNews/idUSN239555220091023?feedType=RSS&feedName=topNews

Probably due to the 8000 tax credit...

Pez wrote:http://www.reuters.com/article/topNews/idUSN239555220091023?feedType=RSS&feedName=topNews

Probably due to the 8000 tax credit...

Speaking of that credit:

First-Time Homebuyer Program Rife With Fraud, Four-Year-Olds File For Credit
http://www.businessweek.com/the_thread/hotproperty/archives/2009/10/first-time_home.html

Government investigators revealed today that fraud is rampant in the First-Time Homebuyer Tax Credit program. Over 100,000 taxpayers have tried to cheat the system, the IRS says. Some of filers for the credit were just four years old.

Noooo, can't be..............

yea, I heard about that a couple days ago on NPR.. their story spoke of tax preparers who were adviseing their clients that they were eligible for the credit if they were *thinking* of buying a home...

Reminds me of something like tort reform... behind every greedy lawyer there is a greedy client.

PS: arent you impressed with my preemptive strike with the scratchy head smiley? I'm learning :-)