Currently viewing the tag: "First Time Home Buyer Tax Credit"

While the first time home buyer tax credit is a distant memory to most, there are certain groups who can still use the program.

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After the first time home buyer tax credit expired last year, home sales dropped as would be expected.

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With supplies falling and the repeat buyers beginning to dominate the market, the forecasts are for rising home prices in the coming months.

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I received an email from the today.  The good stuff comes by email.  The letters…you don’t want to be receiving those.

 

Eight Essential Facts about Claiming the First-Time Homebuyer Credit

If you purchased a home in 2010, you may be eligible to claim [...]

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Pending Home Sales Higher Again

On February 1, 2011 By

And then the bad part…it’s also tied to the economy. Mortgage rates get their direction, in a large part, from the overall economy. As mortgage rates move higher, home affordability goes lower. Coupled with rising home demand, your dollar won’t buy as much in the second half of 2011 if these trends hold true.

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Barring any massive changes, housing looks as healthy as it has in quite a few years.

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Low mortgage rates and low home prices have spurred buyers back into action. A “pending home sale” is an existing home under contract to sell, but not yet closed.

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Overall, buyers are being drawn into housing by low mortgage rates, affordable homes, and ample supply. If the August Pending Home Sales Index is foreshadowing the fall housing market, home prices appear slated to rise.

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Home Sales Stabilize

On September 8, 2010 By

For at least the next month or two, the single-driving factor to mortgage rates is whether things are absolutely worst-case or anything better. If the economy, housing, and everything else falls apart, mortgage rates are priced for that and will remain steady. An iota of recovery could mean many iotas of rate increases.

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Home buyers today have timed it right.

Yesterday’s post addressed the fact that home loan approvals are getting easier. (Full Article: Home Loan Approvals Getting Easier ) Mortgage rates are at their lowest levels in history. Home prices, while recovering, still sit well below their April 2007 highs.

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