House To Vote To Extend Closing Period For Homebuyer Tax Credit - 06/29/10 03:10 PM
The House will vote Tuesday on a bill to give first-time homebuyers more time to close in order to claim a federal tax credit that expired at the end of April. The House bill would give homebuyers that had a contract in place before April 30 until Sept. 30 to close on the sale. That would allow them to claim the $8,000 tax credit for first-time homebuyers. The House is slated to vote on the bill under expedited procedures for bills that enjoy broad support.
This is great news for first time home buyers and move-up buyers in Idaho!
… (0 comments)

Listing Prices Hold Firm - 06/21/10 12:45 PM
A new study by Trulia.com showed that sellers are holding their asking price on 88% of homes listed for sale as of June 1st.  Conversely this does means that 22% of sellers did lower their asking price at least once from listing to sale.The 22% is a decrease from this time last year where the number was 23.6%.  More expensive homes ($2 million and up) saw the largest price reductions.  Real estate is very localized:  A year ago Las Vegas saw price decreases on 30% of all listings.  But this time around, they only dropped prices on 10% of homes listed for sale.  … (2 comments)

How to Monetize Facebook (without annoying your friends and family) - 06/16/10 12:40 PM
To Idaho Real Estate Agents:
This is an invitation to a Lunch N Learn Class that Shanna and I are sponsoring next week.  It's a class that focuses on Facebook marketing strategies that really work for Realtors... and that really work in Treasure Valley.  The name of the class is "How to Monetize Facebook (without annoying your friends and family). 
Included are the best strategies from various social media trainings we've attended distilled down to the most effective strategies for our local market!  This is not a traditional "How to do Facebook" class or a "Why Social Media" class... it is a class that talks about … (0 comments)

Idaho first time home buyers have an option that is even better than FHA! - 06/14/10 03:55 PM
 The Idaho Housing and Finance Association (IHFA) have launched a new program to make homeownership a reality through its IdaMortgage program. The new Affordable Advantage Loan offers a down payment as low as $1,000, and has no mortgage insurance requirement, saving qualified borrowers money on the mortgage payment every month.
"This IHFA exclusive financing option is a great tool for homebuyers as the housing market in Idaho continues its recovery," said Gerald Hunter, IHFA president and executive director. "It offers another affordable lending option for low- to moderate-income homebuyers across the state."
Features of the Affordable Advantage Loan include:
As little … (1 comments)

Tax Credits May See Extension - 06/14/10 01:51 PM
Tax Credits May See Extension The home buyer's tax credit has been wildly popular. It gave both first time and previous home buyers a sizable tax credit provided that they sign a purchase contract no later than the end of April and close no later than the end of June.It was so successful, that pending home sales (contracts signed but not yet closed) rose 22.4% when compared to April 2009.  However, with increased underwriting turn times, many people that met the requirement by signing a contract before the end of April will not be able to close in time.  Under the … (0 comments)

Idaho's Real Estate Market is looking GOOD! - 06/09/10 12:51 PM
The Real Estate markets in Boise, Eagle, Meridian, and beyond are looking up. National statistics are very positive too! 
Pending Home Sales Surge - National Figures:
 
 
 
 
 
 
 
 
 
A pending home sale is simply a signed contract on a home that has not yet closed. The National Association of Realtors reported that we continued to see gains in home sales for the third consecutive month.  The index rose 6.0% last month and 22.4% when compared to April 2009.  The April increase follows a 7.1% in March and a 8.3% increase in February.While certainly some of the gain … (0 comments)

FHA loans are perfect for Idaho first time home buyers - 06/02/10 01:24 PM
In 1934, the Federal Housing Administration (FHA) was created by the National Housing Act for the primary purpose of insuring long-term residential mortgage loans and, thereby, promoting home ownership in the United States. Today, the FHA is the largest government insurer of mortgages in the world.
FHA loans have surged in popularity. In 2005, government-backed FHA loans represented about 2.8% of total loans originated. Today, the number is closer to 30%. Over the past couple of years, as credit standards tightened, FHA loans have become the loan of choice for many homebuyers.
Contributing to the popularity of FHA loans is that … (0 comments)

 
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Dean Tucker (Mortgage Banker)

Boise, ID

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Dean Tucker Benchmark Mortgage - Prime Equity Group

Address: 2535 W State Street, Boise, ID, 83702

Office Phone: (208) 287-1717

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