Existing Home Sales Increase Fueled By First-Time Home Buyers, Low Mortgage Rates
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The National Association of Realtors announced today that existing home sales in February increased 5.1 percent as compared to January 2009. While home sales were up, the inventory of unsold homes also rose 5.2 percent to 3.80 million units, representing a 9.7 month supply.
“February’s uptick in existing home sales is encouraging because it follows the significant drop in sales that occurred in January. I suspect Read more
8000 Tax Credit for First Time Home Buyers
The Federal Government had its citizens captivated with the anticipation of the Senate’s $15000 tax credit that
was quickly rejected in committee. This credit generously provided homebuyers – not just first-time homebuyers – with a tax credit of up to $15000. Instead, negotiations on the bill increased last year’s $7500 housing credit by $500 resulting in the approved $8000 tax credit, or 10% of the purchase price– Read more
Renting to Own: Advantages for Sellers and Buyers in a Soft Housing Market
When the housing market is soft, sellers who can't move their home quickly off the market commonly lease their property to temporary tenants. And some sellers will consider leasing their home as a “rent to own” property. In this market, if you're a renter interested in buying a home but don't have the down payment substantial enough to do so, this can be an excellent option. So here, we'll explore what it means to “lease Read more
15000 Tax Credit for Home Buyers
Clearly the federal government wants its citizens engaged in the housing market again. As part of the original 2009 stimulus package, a 15000 tax credit for homebuyers is emerging as an incentive for those who are considering this investment. The $15000 tax credit bill is yet to be a federal law, but its passage in the Senate sets the course for its approval. So far, it is yet to be signed by the House, indicating that Read more
7500 Tax Credit For First Time Home Buyers
Congress created the $7500 tax credit incentive to help first time home buyers get into a home and stimulate the housing market and economy. Their rationale is that it will help stabilize home prices and increase home sales. First time home buyers purchasing a home between April 9, 2008 and before July 1, 2009 are eligible for the 7500 tax credit. The home must be used as a principal residence and be occupied within Read more
7500 Tax Credit For First Time Home Buyers
Congress created the $7500 tax credit incentive to help first time home buyers get into a home and stimulate the housing market and economy. Their rationale is that it will help stabilize home prices and increase home home sales. First time home buyers purchasing a home between April 9, 2008 and before July 1, 2009 are eligible for the 7500 tax credit. The home must be used as a principal residence and be occupied within this time frame. For Read more
Homeowners for the Holidays – The Best Gifts for Buyers and Sellers
With Thanksgiving just days away and its adjacent day of shopping mayhem, “Black Friday,” creeping up fast, the holiday season is officially upon us. This year with the market still under duress, it won’t come as a surprise when families turn to practical gifts rather than gifting lavish luxuries. So what are the season’s best gifts for your home? What could you use to improve the value of your home and help you in the Read more