Home Builders - Wells Fargo Housing Market Index for May up to 16, from 14 in April

Emerging optimism that a bottom may have been reached in USA housing markets was confirmed by the Home Builders / Wells Fargo Housing Index and good news from the banks also helped ignite the North American stock markets today.

From vantage points in the UK and in Canada, American real estate has looked quite inexpensive for close to a year now, and it seems that US home buyers and real estate investors are about to begin celebrating the biggest buyers market in the past 75 years. This accumulation stage may be followed by a longer than usual bull run, as all of the air has been taken out of prices, and solid values abound.

Summary of Rules $8,000 USA Federal Housing Tax Credit Info

Here are the basic eligibility requirements for the 8k tax credit for US first-time home buyers:

$8,000 Home Buyer Tax Credit Rules Summary

• Tax credit is for first-time home buyers only.
• This credit does not have to be repaid in any form.
• The credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The federal tax credit is for homes purchased on or between January 1, 2009 and November 30, 2009.
• Married couples with incomes up to $150,000 qualify for the full tax credit; Single taxpayers with incomes up to $75,000 also qualify. 

More online information about the $8,000 Tax Credit for new homebuyers in USA