As you may have heard the Federal Government has announced an enhanced tax credit for first time homebuyers in 2009. The $8000 Tax Credit can be used on all homes purchased between 1/1/09 and 12/01/09. Your tax credit will be equal to 10% of your home’s purchase price, with an $8,000 maximum. Why is this [...]
The last several years have presented several challenges as well as opportunities in the real estate market. We have seen prices move up and down and inventories rise. Sellers continue to be challenged by “the new” value of their property and buyers have more choices than ever before and the constant fear of not buying at [...]
Pending home sales increased as more buyers took advantage of improved affordability conditions, according to the NATIONAL ASSOCIATION OF REALTORS®. Big gains in the South and Midwest offset modest declines in other regions. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, rose 6.3 percent to 87.7 from an upwardly [...]
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