July pending home sales rise to 2-year high

[Newsfeeder]

A gauge of future U.S. home sales rose more than expected in July to the highest level in over two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.




Posted on Tue, 1 Sep 2009 15:46:40 GMT at http://pheedo.msnbc.msn.com/click.phdo?i...46fee0f32e

[princess_apol]

A non-refundable or wastable tax credit cannot reduce the tax owed below zero, and hence cannot cause a taxpayer to receive a refund in excess of their payments into the tax system. Maybe that is the reason.




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Filing back taxes

[Adam]

I believe the first time homebuyers tax credit is refundable.

[geastesee]

river belle