The combination of low mortgage rates, tax incentives and plenty of inventory to choose from seems to be working to stimulate home sales, according to the latest figures released by the National Association of Realtors (NAR). The numbers for existing home sales (which includes single-family, condominiums, townhomes and co-ops) for the month of November were [...]
Entries Tagged as 'First time homebuyer tax credit'
U.S. Existing Home Sales Continue to Rise Upward
December 24th, 2009 · 1 Comment · Mortgages, Real Estate
Tags: First time homebuyer tax credit·home sale statistics·home sales·housing market·Real Estate·Real Estate Market
Homebuyer Tax Credit is Extended and Expanded – Is This Good News?
November 10th, 2009 · 1 Comment · Mortgages, Real Estate
The announcement that the federal government has finally made a formal decision on the extension of the tax credit is good news. As a real estate agent, the last several months have been very difficult (and stressful) for those of us who are assisting first-time homebuyers. With the (original) deadline of December 1 quickly approaching, my [...]
Tags: $6500 tax credit·$8000 tax credit·First Time Homebuyer·First time homebuyer tax credit·move-up homebuyer tax credit·Tax Credit·tax credit extension
FHA First-Time Buyer $8000 Tax Credit Allowed as Down Payment?
May 22nd, 2009 · No Comments · Mortgages
The Federal Housing Administration (FHA) last week announced they were in support of a program that would allow approved lenders, nonprofits, and state and local governments to fund short term loans that could be used as down payments to be repaid once the borrower received the tax credit. Congress approved the tax credit in February’s [...]
Tags: $8000 tax credit·boost housing market·federal tax credit·FHA·First Time Homebuyer·First time homebuyer tax credit·HUD·use tax credit for downpayment
Zero Percent Interest, 15-Year Loan Available: Interested?
August 22nd, 2008 · 2 Comments · Mortgages
That’s right, this is one of the “better” provisions included in the Housing and Economic Recovery Act of 2008, the much-hyped legislation which became law in late July of this year. Otherwise known as the “First-Time Homebuyer Tax Credit”, the provision gives homebuyers yet one more $7500 reason that it might be a good time [...]
Tags: First time homebuyer tax credit·government tax credit·homebuyer tax credit·housing and economic recovery act of 2008·housing tax credit
