Although there hasn’t been much hype surrounding these credits and deductions-all increased or expanded by federal stimulus bills passed this year and last year-retailers say sales of new, energy-efficient products are beating expectations in the midst of the recession. The reason, they say, is the prices are that good. Federal stimulus laws allow homeowners to […]
With the first-time home buyer’s tax credit in full effect, younger buyers are taking the opportunity to enter the real estate market. Agents are finding that they must consider the first-time home buyers’ unique needs and adapt to this new type of client. Those first-time home buyers who’ve entered the housing market- drawn by the […]
To help create jobs and set the stage for a strong recovery, the National Association of Home Builders (NAHB) called on Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire on December 1. Specifically, NAHB is asking Congress to extend the home buyer tax credit program through November 30, […]
Real estate agents in the US are reporting another increase in residential property sales, the third monthly rise in a row, giving rise to further talk of a recovery in the beleaguered property market. The latest figures from the National Association of Realtors show that overall sales transactions increased 3.6% in June, just slightly below […]
Did you know that nearly 1 in 4 homes currently for sale have had their price cut at least once – for a shocking total of $27.4 billion off the original list prices (that’s more than the GDP of El Salvador)! So what does that mean for today’s Home-buyer? It means they can probably get […]
Press Release July 1, 2009 from the Federal Housing Finance Agency: FHFA Authorizes FANNIE MAE and FREDDIE MAC To expand HARP, (Home Affordable Refinance Program), to 125 PERCENT LOAN-TO-VALUE. Read the full press release here:http://www.fhfa.gov/webfiles/13495/125_LTV_release_and_fact_sheet_7_01_09.pdf
Spent the last several days making follow-up calls to prospective buyers; whether they’re from New Jersey, Calgary or Berlin they’re singing a similar tune – “We’re watching the market and waiting,” The message I’m taking to my buyers today, It is all about timing and NOW is the time – There is a saying in […]
Lawmakers and businesses are calling for expansion of a tax credit for first-time home buyers that has helped spark home sales in an otherwise dismal real estate market. With the tax credit scheduled to expire in fall, some business groups say the amount of the credit, now capped at $8,000, should be raised to $15,000 […]
FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, FHA-approved lenders can develop […]
