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
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