Currently viewing the tag: "Tax Credit"

$8,000 Homebuyer Tax Credit Still Exists For Military Members

On March 7, 2011 By

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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May 2010 Existing Home Sales: Better Than The Headlines Suggest

On June 23, 2010 By

The Existing Home Sales report shows a slight drop in May. It was the first drop after a three-month run up, but it is still the the second highest figure since November 2009.

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New Home Sales: Strong in March, but not as strong as they would seem

On April 27, 2010 By

The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.

Take a look at the headlines from last Friday:

Sales of new homes rocketed up 27 percent in March [...]

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New Homes Sales Were Strong in March

On April 27, 2010 By

The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us.

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First Time Home Buyer Tax Credit Expiration: Not Slowing Down Builders

On April 20, 2010 By

A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.

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I Wouldn’t Schedule My Closing For May 28, 2010

On April 14, 2010 By

If you’re under contract for a home and plan to close in May, consider a closing date other than Friday May 28, 2010.

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First Time Home Buyers: Get re-pre-approved

On April 9, 2010 By

If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.

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First Time Home Buyer Tax Credit – Countdown Time

On April 1, 2010 By

There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.

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Existing Home Sales Point Towards Busy Spring

On March 24, 2010 By

Existing home sales dipped in February. As we’ve been discussing, November’s surge was the flood of first time home buyers out to meet the original deadline for the tax credit.

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Inflation Drives Mortgage Rates

On March 19, 2010 By

First time home buyers are finding homes more affordable than ever before. Values are better, but these 5% interest rates really extend home affordability.

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