Great news about the First Time Home Buyer Tax Credit! The numbers now show this is really helping the market. Let’s get the rest of congress and the president to pass the bill! WASHINGTON — Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to…Read More→
Credit Suisse Real Estate update for the Phoenix Market, October 09
Each month I take part in a monthly survey for Credit Suisse reviewing the current status of our real estate market. Below is the cover page for the national release and then below are their findings for the Phoenix market place. I hope you enjoy their findings and would be happy to post your comments….Read More→
"BUT SHORT SALES AREN'T A LONG SHOT ANYMORE…"
ARTICLE IN THE ARIZONA REPUBLIC ABOUT SHORT SALES This morning in the Arizona republic’s article “Fast? No. A sure Thing? Not Likely But short sales aren’t a long shot anymore, real-estate agents say” discusses a few of the realities about short sales such as: they take a long time, currently the best deal for buyers,…Read More→
TIME TO EXTEND THE $8,000 FIRST TIME HOME BUYER TAX CREDIT
HOW HAS THE CREDIT AFFECTED THE MARKET The national association of Realtors has reported the rate of home sales for 2009 is 5.24 million. NAR says, the $8,000 First Time Home Buyer Tax Credit has brought 1.2 million buyers into this market. Of that 350,000 would have bought without the credit, therefore the credit has…Read More→
SO MUCH FOR THE TAX CREDIT AS A DOWN PAYMENT
Looks like they flip flopped on this deal. This would have really brought in more buyers at the lower price ranges. We have 3 buyers right now in the saving mode, that would have bought today if they could have used the tax credit for their downpayment. This would have increased demand and helped sell…Read More→
MORE GOOD NEWS FOR FIRST TIME HOME BUYERS, USE TAX CREDIT AS DOWNPAYMENT
Yes, that is NAR working to find answers to the mortgage meltdown. HUD is working on a program with preferred lenders to use the First Time Home Buyer Tax Credit of $8,000 as a down payment.This would add to demand. This whole issue right now is about supply and demand. Oh and don’t listen to…Read More→
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