| |
foreclosures: Free Money When You Buy A Home...Details on the $8,000 Tax Credit - 03/12/09 04:43 PM
If you've been renting an apartment or leasing a home for awhile in Northville, Plymouth or the surrounding area, this might be the perfect year to buy your first home.
In addition to the low interest rates and great deals out there right now, the big advantage to buying before the end of 2009 is the $8,000 tax credit enacted by Congress this year to stimulate the housing market. Unlike the 2008 credit, the 2009 tax credit does not have to be paid back.
Here's a great video about the First-Time Home Buyer Tax Credit with answers to … (1 comments)
|
foreclosures: January 2009 Market Report - 03/01/09 10:26 AM
I know, its the first day of March, but better late than never.
The January statistics issued by our local MLS Realcomp indicated home sales continued their upward trend. In fact, sales increased 25.7% over January 2008.
Most home sellers who don't have to sell are staying put or leasing until things start to recover. Most homes on the market are well priced and inventory is down 21.1% over January 2008.
The first-time home buyer market remains strong and should continue with the recent passage of the $8,000 credit for first time buyers, which unlike the 2008 credit, … (4 comments)
|
foreclosures: Foreclosure Sales Hit the Skids in Wayne County Michigan - 02/02/09 06:29 PM
Wayne County Sheriff Warren Evans has stopped all foreclosure sales because there is no way to know which homes are covered under TARP, the Troubled Asset Relief Program passed by Congress which supercedes Michigan foreclosure law.
Last week Evans sent a letter to Michigan's Gov. Jennifer Granholm requesting she declare a state of emergency in Wayne County to address the growing home foreclosure crisis.
Today Evans announced that to proceed with sales not knowing whether the homeowner has had an opportunity to modify their loan would put him in a position of violating federal law. Hard to say whether … (1 comments)
|
foreclosures: Taking The Leap & Leaving The Nest - 12/04/08 03:57 PM
There has never been a better time to buy your first home than right now. Given the current economy, you probably think I'm crazy, but hear me out.
First of all, interest rates are still really great and there are rumbles about them getting better. Second is the first time homebuyer tax credit passed this year. And third, the mortgage is likely to be cheaper than paying rent.
Case in point, my daughter.
After she graduated from college in May, we started running some numbers in preparation for her leaving the nest. She was looking at between $600-750 per month for … (0 comments)
|
foreclosures: July Market Report - 08/25/08 10:52 AM
According to RealComp, our local MLS, the market activity trend reflected a 15% increase in activity over the same period last year for the seventh straight month in 2008. Additionally, Pending sales were up significantly over the same period in 2007.
While interest rates have remained low, values have continued to trend downward. The good news is there were more private owner sales in July than foreclosure sales. Also fewer homes are on the market this year than in 2007 reflecting the fact that many people are sitting tight if they don't need to sell.
While the news … (1 comments)
|
foreclosures: Sweet Deal For 1st Time Homebuyers - 07/26/08 11:51 PM
Looking to take advantage of the great deals out there right now, my daughter just closed on a Redford foreclosure. Just a few years back, there was very little available under $100K for first time buyers. Now with HUD offering $500 down FHA mortgages with $2,500 buyer incentives, her house payment on a $50K home will be less than she would pay to rent an apartment, much less a house with a garage and basement! If you've got good credit with stable employment, it's a really great time to buy. The above incentives are only good through September 30th.
… (0 comments)
|
foreclosures: Increased Sales But Half Are Foreclosures - 06/28/08 05:46 PM
Realcomp, our local and Michigan's largest Multiple Listing Service, released the latest sales figures recently indicating a 12.7% year to date increase in sales over last year for the entire MLS. Although the number of homes on the market has declined an average of 7%, more the half the homes sold in May were foreclosures. The good news is that Michigan has dropped to 5th in the nation in foreclosures, many homes are now priced to sell, and interest rates are still at historic low levels.
A particularly good bargain right now are HUD homes. They are currently offering buyer … (0 comments)
|
|
|
|
|
|
Debra Drummond | MichiganMoves Real Estate in SE Michigan
Plymouth,
MI
More about me…
RE/MAX Gallery
Address: 15720 Farmington Road, Livonia, MI, 48154
Cell Phone: (248) 974-6210
Email Me
 Links
Archives
|
;)
;)
