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8000 tax credit: GOOD HOUSING NEWS!! - 10/23/09 10:43 AM
I love news like this:
WASHINGTON - Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.
The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from a downwardly revised pace of 5.1 million in August. Sales had been expected to rise to an annual pace of 5.35 million, according to economists surveyed by Thomson Reuters.
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8000 tax credit: ANOTHER FIRST TIME HOMEBUYERS INCENTIVE REPORT - 10/02/09 09:32 AM
"The housing market is getting a much-needed boost as first-time homebuyers rush to take advantage of an $8,000 federal tax credit that is set to expire Nov. 30, 2009. 
The incentive is helping to slow the decline in home sales. In August, sales were down 1% over the comparable period last year, the smallest year-over-year decline in any month since late 2007. As Congress considers extending the credit, real-estate agents and home builders worry sales could slump again if it's allowed to expire.
A full accounting of the program's popularity won't be available for several months, but brokers say first-time buyers have … (4 comments)

8000 tax credit: MORTGAGE CRUNCH FOR HOME BUILDERS - 09/30/09 08:41 AM
This report (if true) should raise concern: 
In the latest National Association of Home Builders(NAHB) survey of acquistion, development and construction (AD&C) financing conditions, 63% of builders stated that the availability of credit for single-family construction loans worsened in the second quarter of 2009. 
Builders reporting deteriorating credit conditions cited the following reasons: 80% said that lenders are lowering the allowable loan-to-value ratio, 76% reported that lenders are not making new loans, 75% stated that lenders are reducing the amount they are willing to lend and 62% said that lenders are requiring personal guarantees or collateral not related to the project. Two-thirds of … (0 comments)

8000 tax credit: FIRST TIME HOMEBUYER TAX CREDIT EXTENSION? - 08/12/09 06:28 PM
We have been really pushing the benefits of the First Time Home Buyers $8000 tax credit program for several months now.  Well the end is rapidly approaching - the program is scheduled to close in November.  But what if the program gets extended for another 6-12 months? 
This program has given hope and help to many people who never thought they would be able to live the American Dream of home ownership.  Now that they are aware of the program and have started to take advantage of it in greater numbers it seems wrong to close the door.
 
 
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8000 tax credit: FINALLY FIRST TIME HOMEBUYERS GET A REAL BREAK - 03/07/09 03:44 PM
I just added a page on my website for First Time Home Buyers and I list 5 reasons why the time is right for the First Time Homebuyer to buy now.
As everyone knows, these are truly challenging times in the real estate industry and the fact that we are not alone doesn't make me feel any better. But it is awesome that, in spite of the state of the economy, First Time Home Buyers are offered an outstanding opportunity to pursue their goal of home ownership with the possibility of receiving $8000 as a "rebate" in the form of a tax credit.  I … (0 comments)

 
Laughton_allston_gloriam

GLORIA LAUGHTON ALLSTON, GREEN, SRES, SFR

Princeton, NJ

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COLDWELL BANKER/PRINCETON

Address: 10 NASSAU STREET, PRINCETON, NJ, 08542

Office Phone: (609) 921-1411

Cell Phone: (908) 370-3321

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