The Tax Credit is Ending!

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There’s not much time left if you plan to take advantage of the tax credit to purchase a first home or move up from your existing home. Right now is an opportune time to use this credit with deflated home values and low interest rates. Beth Braverman of Money Magazine wrote an article on 03/02/10 […]

August 2009 Pending Sales Data

Lawrence Yun, NAR chief economist, discusses the statistical data up to August 2009 and explains what the information is telling us about the market. Video: Key Points: Pending sales are up all over the country. A monthly increase of 6.4% and an annual increase of 12.4%. The disconnect between pending home sales figures and existing […]

Feeling the Crunch – Will the Tax Credit be Extended?

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Many buyers are feeling the deadline crunch and are trying to purchase a house before the November 30th deadline. That’s when the First Time Homebuyer Tax Credit expires, but the deadline is actually much earlier than that.  Here in Michigan, the banks are requiring nearly 45 days to close which puts the deadline for the […]

First Time Home Buyer Tax Credit Explained

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In an effort to stimulate the economy and get the housing market moving, Congress has created a tax credit program that grants first time home buyers up to $8000. Qualification: If you are a first-time home buyer who purchases a home between January 1, 2009 and December 1, 2009. You and your spouse cannot have owned […]

Good News for First Time Home Buyers and the Housing Market!

An announcement was made at The Real Estate Summit: Advancing the U.S. Economy today that will help people to buy a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” […]