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It is more than just the demise of the dollar Celente on RT 07 Oct 2009

CHICAGO (MarketWatch) -- Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000. The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday. Under the House bill, buyers must close before Oct. 1 to be eligible for the credit. That means people who had hiccups in getting to the closing table would have a few more months to wrap things up. The closing deadline was originally June 30. To be eligible, buyers needed to have a contract in place by April 30, and that won't change through this legislation. The National Association of Realtors estimated that about 180,000 otherwise eligible buyers were likely to miss out on the credit if the original deadline was upheld. One big hurdle for buyers has been getting the mortgage approval on time, as lenders work through a clogged pipeline of applications. In the Senate, the measure to extend the closing date for these buyers is included in a bill that also would extend unemployment insurance. Majority Leader Harry Reid filed for cloture on the bill on Tuesday, and expects to have a cloture vote on the measure on Thursday, according to Reid's office. If cloture is invoked, that limits debate on the bill, bringing it a step closer to a final vote. But Reid said on the Senate floor Wednesday morning that he was working to get an agreement with Republicans to pass the House-passed tax-credit bill by unanimous consent as early as Wednesday, according to Regan Lachapelle, Reid's deputy communications director.

Maher muhawieh Auction of Craig Davis buildings postponed The foreclosure auction of four office buildings in Highwoods Office Park that was scheduled for 10 a.m. Sept. 17 was postponed. The auction has been rescheduled for 10 a.m. Oct. 15, says Barry Mann, the Raleigh lawyer assigned as substitute trustee for the transaction. The buildings are owned through a partnership of Craig Davis Properties of Cary and First Point Partners LLC, which had purchased the buildings from Highwoods Properties (NYSE: HIW) of Raleigh for $30.4 million. The portfolio, which totals about 256,000 square feet of office space, includes the Global Building at 3200 Atlantic Ave., the Magnolia Building at 3120 Highwoods Blvd., the Red Oak Building at 3128 Highwoods Blvd. and the Laurel Building at 3100 Highwoods Blvd. Read more: Auction of Craig Davis buildings postponed - San Francisco Business Times