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home tax credit: Repeat Home Buyers Need to Act Fast to Capitalize on Expanded Tax Credit - 01/23/10 08:55 AM
Repeat Buyers Need to Act Fast to Capitalize on Expanded Tax Credit
RISMEDIA, January 23, 2010—By now it is well documented that today’s affordable housing prices, historically low interest rates and federal home buyer tax credit have combined to create one of the most attractive first-time buyer markets in recent memory. What many Americans might not realize is that a recent expansion of the buyer tax credit has created an equally desirable opportunity for existing homeowners.
This past November, Congress elected to expand the home buyer tax credit to repeat buyers after seeing the success the temporary financial incentive … (0 comments)
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home tax credit: Home Buyer Tax Credit Better Homes and Gardens Rand Realty Launches Website - 01/16/10 05:51 PM
Better Homes and Gardens Rand Realty Launches Home Buyer Tax Credit Website
RISMEDIA, January 15, 2010—Helping home buyers easily understand the home buyer tax credit is the goal of Better Homes and Gardens Rand Realty with the launch of its new home buyer tax credit website, the company has announced. The website (www.homebuyertaxcredit.com) provides buyers with extensive information and analysis of the tax credit, as well as an eligibility test to help buyers determine if they qualify.
“We get a lot of questions about the home buyer tax credit,” said Joseph Rand, managing partner of Better Homes and Gardens Rand … (0 comments)
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home tax credit: As Buyers Respond to Tax Credit, U.S. Existing Home Sales Jump 7.4% November 2009 - 12/23/09 07:32 PM
RISMEDIA, December 23, 2009—Existing home sales rose again in November 2009 as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing home sales–including single-family, townhomes, condominiums and co-ops– rose 7.4% to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1% higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest level since February 2007 when they hit 6.55 million.
Lawrence Yun, NAR chief economist, said the … (1 comments)
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home tax credit: Clairemont Listing Custom Home 3641 Mount Aladin zip 92111 - 12/15/09 08:31 AM
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home tax credit: Tax Credit Expands Home Buyer, Economic Opportunities; On Pace to Help 70% of Potential Home Buyers - 12/05/09 08:51 AM
RISMEDIA, November 19, 2009—The National Association of Home Builders (NAHB) is spreading the word to consumers about an important new law that extends and expands an attractive tax incentive for potential home buyers. The Worker, Homeownership, and Business Assistance Act of 2009, signed into law by President Obama on Nov. 6, extends the deadline for the first-time home buyer tax credit and gives a larger group of home buyers the chance to take advantage of this government program.
“The tax credit has already proven to be an effective means of boosting economic activity,” said NAHB Chairman Joe Robson, a home … (0 comments)
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home tax credit: 5 Tips to Buying a Home on Deadline and How the Tax Credit Extension Can Help - 11/24/09 06:32 PM
RISMEDIA, November 24, 2009—(MCT)By Amy Hoak—House shopping usually slows down in the winter, as people put their home searches on hold to trim the tree, buy presents to put under it and avoid the chilly weather. This winter, however, might be different, thanks to the extended—and expanded—first-time home-buyer tax credit.
“We’re going to see far more interest in the fourth quarter than we generally do because of the tax credit,” said Heather Fernandez, vice president of Trulia.com, a real estate search engine. Traffic surged on the site on Nov. 5, the day Congress approved the credit extension, she said.
The … (2 comments)
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home tax credit: Will FHA Rule Change Benefit Condo Market? - 11/17/09 07:11 PM
Will FHA Rule Change Benefit Condo Market?
RISMEDIA, November 16, 2009—(MCT)—The Federal Housing Administration (FHA) is giving the condo market something it hasn’t had for a while—a little breathing room.
The FHA, the federal agency that insures low-down-payment home loans for private lenders recently said it was relaxing its building underwriting guidelines as a way of helping the struggling sector ride out the downturn. The move could help boost sales in condos by making more FHA mortgages available to borrowers.
“The best way to bring back some level of security is to get new buyers into those vacant units. You … (0 comments)
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home tax credit: First Time Homebuyer $8000 Tax Credit Update - 11/06/09 01:05 PM
Homebuyer Tax Credit Update
Today November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. To learn what the new tax credit means to you and your clients, take a look at the concise overview below. TAX CREDIT OVERVIEW
Who Gets What?
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit … (1 comments)
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home tax credit: Big Rebound in Existing-Home Sales Shows First-Time Buyer Momentum - 10/31/09 11:38 AM
Big Rebound in Existing-Home Sales Shows First-Time Buyer Momentum
RISMEDIA, October 26, 2009—Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. Existing-home sales–including single-family, townhomes, condominiums and co-ops–jumped 9.4% to a seasonally adjusted annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2% higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007.
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home tax credit: Breaking News: Senate Plans to Extend and Expand $8000 Home Buyer Tax Credit - 10/30/09 10:33 AM
Breaking News: Senate Plans to Extend and Expand $8000 Home Buyer Tax Credit
RISMEDIA, By Alan J. Heavens, Corey Boles, John D. McKinnon ,October 30, 2009—(MCT/The Wall Street Journal)-The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn.
While its passage remains uncertain, the agreement would extend the existing credit for first-time homebuyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would … (1 comments)
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home tax credit: 5 Things to do with your small business to survive the recession - 10/22/09 09:55 AM
Great Post and very relevant in today's economy. I saw this and thought this would be a great place to re-post 5 Things to do with your small business to survive the recession January 12, 2009 :: Steve FisherI know, I know. My post was very optimistic and the title of this post might sound like everyone should go into survival mode. The recession started a year ago and it looks to go one for at least the next 2-3 quarters.
Like I have said previously, now IS a good time to do great things for the future.
I have read … (1 comments)
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home tax credit: Appraisers Not Responsible for Low Home Appraisals - 10/20/09 09:47 AM
Appraisers Not Responsible for Low Appraisals
RISMEDIA, October 20, 2009—Responding to recent testimony before the House Small Business Committee, the Appraisal Institute, one of the nation’s largest organizations of real estate appraisers, reminded the Committee’s leaders that appraisers are not responsible for so-called low appraisals.
The Appraisal Institute joined the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers in a letter reacting to recent testimony by National Association of Home Builders President Joe Robson. The four appraiser organizations, representing more than 35,000 members, urged Committee Chair … (1 comments)
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home tax credit: Industry’s Most Powerful Associations Send Letter to Administration Advocating for Extension of Homebuyer Tax Credit - 10/20/09 09:41 AM
Industry’s Most Powerful Associations Send Letter to Administration Advocating for Extension of Homebuyer Tax Credit
RISMEDIA, October 20, 2009—The Mortgage Bankers Association (MBA) along with the National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB) sent a letter to senior Obama Administration officials yesterday requesting their support for a 12-month extension of the first-time homebuyer tax credit.
The letter, addressed to Treasury Secretary Geithner, HUD Secretary Donovan and National Economic Council Chair Summers, outlines why the three organizations believe that the tax credit has had a stimulative effect on not only the housing market, but on … (1 comments)
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home tax credit: 1.4 Million Families Have Taken Advantage of First-Time Home Buyer Tax Credit, More Claims Expected - 10/18/09 08:23 PM
1.4 Million Families Have Taken Advantage of First-Time Home Buyer Tax Credit, More Claims Expected
RISMEDIA, October 8, 2009—With the First-Time Home Buyer Tax Credit deadline quickly approaching, the Internal Revenue Service recently reminded potential home buyers they must complete their first-time home purchases before Dec. 1, 2009 to qualify for the special first-time home buyer credit. The American Recovery and Reinvestment Act extended the tax credit, which has provided a tax benefit to more than 1.4 million taxpayers so far.
The credit of up to $8,000 is generally available to home buyers with qualifying income levels who have … (1 comments)
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home tax credit: Fix-Up Home Strategy Works in Long Run: If You Have Time on Your Side, Improve and Enjoy Your Home - 10/18/09 08:05 PM
A Fix-Up Strategy Works in Long Run: If You Have Time on Your Side, Improve and Enjoy Your Home
<!-- Single post title end --> RISMEDIA, October 17, 2009—(MCT)—You’re thinking of selling—but not just yet. Let’s say you’ve got a five-year plan to prepare an older, lived-in house for sale.
Maybe you’re faced with tattered carpets, battered appliances and dingy paint. Or maybe we’re talking about truly scary problems, such as asbestos, underground oil tanks or leaking roofs.
What should you take care of first? What can wait? What can be ignored altogether? And how do you keep costs under … (0 comments)
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home tax credit: $8,000 Tax Credit’s for First Time Home Buyers Hoops Frustrate House Hunters - 10/16/09 09:37 AM
$8,000 Tax Credit’s Hoops Frustrate House Hunters
RISMEDIA, October 16, 2009—Mary Shanklin (MCT)— This summer, Brian Smith decided he should buy a house. Prices were at record lows; “for sale” signs were common, and, most important, he could get a tax credit of as much as $8,000 for first-time buyers if he bought before December. But four months later, after looking at more than 40 houses and condominiums, Smith quit his search in frustration.
“Honestly, my heart was so broken,” said Smith, an associate at a financial-investment company. “I hate that I am going to miss out on the tax credit. … (2 comments)
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home tax credit: Making FHA Loan Limits Permanent Crucial to Housing Recovery - 10/13/09 10:04 AM
Making FHA Loan Limits Permanent Crucial to Housing Recovery
RISMEDIA, George W. MantorOctober 13, 2009—Making the current FHA loan limits permanent would ensure liquidity in the housing market and make mortgages more affordable for qualified buyers at a time when the market is showing signs of a fragile recovery, the National Association of Realtors® recently testified to the House Subcommittee on Housing and Community Opportunity.
Current FHA loan limits are as high as $729,750 in high cost areas, and are set to expire at the end of the year and revert to lower amounts, greatly hindering the housing recovery process.
“NAR … (0 comments)
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home tax credit: Builders Urge Congress to Act on Home Buyer Tax Credit, Appraisal and Lending Issues - 10/10/09 11:34 AM
Builders Urge Congress to Act on Home Buyer Tax Credit, Appraisal and Lending Issues
RISMEDIA, October 10, 2009—The National Association of Home Builders (NAHB) called on Congress to help housing take a lead role in putting America back to work by taking quick action to extend and enhance the $8,000 first-time home buyer tax credit, resolve appraisal problems that have been slowing home sales and urge regulators to restore the full flow of credit needed by both home buyers and home builders alike.
Though existing and new home sales appear to have stabilized in recent months, NAHB Chairman … (0 comments)
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home tax credit: Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery - 10/09/09 09:55 PM
Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery
RISMEDIA, October 9, 2009—The best available tool for sustaining the still-fragile housing market is the $8,000 home buyer tax credit, and it is essential that Congress extend the credit into 2010, the National Association of Realtors® testified at a hearing of the U.S. House Small Business Committee recently.
The tax credit expires November 30.
NAR Regional Vice President Joseph L. Canfora, a broker-owner with Century 21 Selmar Realty in East Islip, N.Y., also told the panel that a major stumbling block for consumers has been the implementation of appraisal processes … (0 comments)
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home tax credit: U.S. Homebuyers Pay Closer to Listing Price in August, but Are Still Negotiating Thousands in Discounts - 10/09/09 09:21 PM
U.S. Homebuyers Pay Closer to Listing Price in August, but Are Still Negotiating Thousands in Discounts
RISMEDIA, October 9, 2009—Home buyers in much of the U.S. are still paying thousands of dollars below the home’s asking price, but had slightly less negotiating power in August 2009 than they did in July, according to the August Zillow Real Estate Market Reports. Buyers paid a median $6,525, or 3% less than the last listing price on homes bought in August, down from $7,018, or 3.3%, less for homes bought in July. Negotiating power peaked in January 2009, when buyers were paying 4.5% less … (0 comments)
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Gary Giffin
La Jolla,
CA
More about me…
Real Estate Buy Sell Invest www.SanDiegoHomeSold.com
Address: 840 Prospect, La Jolla, ca, 92037
Office Phone: (858) 401-0204
Cell Phone: (858) 401-0204
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