Expanded Home Buyers Tax Credit Voted Up By Senate and House Today

Just today the United States House of Representatives voted 403-12 to extend and expand the Home Buyers Tax Credit.

The National Association of Realtors has provided this helpful document summarizing the details of the new Home Buyers Tax Credit.

Following the 48-0 vote by the United States Senate yesterday, and remembering our civics lessons, the Home Buyer Tax Credit will become law effective on the date that President Obama signs the bill.

Home Buyer Tax Credit Extension – Highlights of Changes:

*First Time Buyer Tax Credit is $8000 ($4000 if married/filing separately)

*+Tax Credit For Current Homeowner of $6500 ($3250 married/filing

Visit Main Line Pa Today for the details of the expanded Home Buyer Tax Credit:

Home Buyer Tax Credit Done When Obama Signs

First Time Home Buyer Credit Cliff Hanger .  .  .  To Be Continued!

The Senate is working on approving  The First Time Home Buyer Tax Credit Extension. Part of the proposal is to Expand The Home Buyers Credit for existing home sellers/home buyers but so far there is no Senate Vote. Possibly next week there may be a vote ready to go to the House and from there who knows?

From Soap Operas like Days of Our Lives  (”tune in tomorrow for the next exciting episode”), to Dallas, we’re drawn to cliff hangers. Who didn’t tune in  to find out, Who Shot JR?

Remembering Saturday afternoon at the movies…return on deposit money pennies were saved from collecting empty Coke bottles, and then spent on Saturday afternoon movie adventures. We were transported by the story, as only children can be, until these words popped onto the screen …”To Be Continued”. They were delicious seconds of anticipation. But even before I could read, I’d cover my ears from the hoots and hollers, catapulting me back to reality as the lights came up.

See Main Line Pa Today for more discussion about the First Time Home Buyers Extension:

First Time Home Buyer Tax Credit Cliff Hanger

Mops, Sponges and The Months Supply of Inventory

The Third Quarter Tredyffrin Real Estate Absorption Rate is looking more like a normal real estate market instead of one drowning in inventory.

Some months I have felt like I needed a huge mop to soak up the excess inventory. And in some markets that’s still the image that resonates.

But here in Tredyffrin Township for the Third Quarter Real Estate Market, we’re showing signs of recovery. The months supply of inventory is down to 5.6 months.

See Main Line Pa Today to read more about the Absorption Rate and Months Supply of Inventory in Tredyffrin Township Third Quarter 2009:

Tredyffrin Third Quarter Real Estate Absorption

Good New For The Tredyffrin Real Estate Market? Should I take my Listing off the market for the holidays?

As the Market Dynamics for Tredyffrin Township show, all of the Median Price indicators are down for September 2009 as compared to September 2008 and September 2007.

While it’s painful to write that all of the Median Price indicators are down, we could view these statistics as a positive indicator.

See Main Line Pa Today for information about Tredyffrin Township third quarter September 2009 Market:

Tredyffrin Real Estate September 09 Market Report

Blog Action Day

2009 l Climate Change

Today is Blog Action Day 2009 l Global Climate Change is the topic that Bloggers around the world have agreed to write about with the goal of raising awareness on one critical issue that impacts each of us.  Climate Change and Climate Control are big issues! Big enough to be overwhelming. But we need to resist the temptation to do nothing. We each need to accept responsibility for the future our planet in big and small ways.

I’m a proud Mom who’s often inspired by my two children and 3 precious grand children. As a real estate agent I spend my professional life helping families. And so it’s no surprise to me that our children and young people are the hope of our future. We need to educate ourselves as well as support and follow the efforts of our Children For Climate Change.

Visity Main Line Pa Today to learn more about Global Climate Change and how you can help in your own small but significant way:

Blog Action Day 2009 Global Climate Change Think Small

Judy Peterson’s 15 Must Have iPhone Apps For Real Estate

So here I am now 4 months into in-tech love with my iPhone. I keep rewriting this post about how wonderful the iPhone is for Real Estate Agents. And the reason for the constant editing is that it seems that every day I find another great App that comes onto the market that’s helpful to Realtors® in the daily practice of real estate.

See Main Line Pa Today for more iPhone Apps for real estate and for how to do an iPhone screen capture:

iPhone 15 Must Have Apps For Real Estate Agents

There are no shortage of opinions about our current real estate market. Just about everyone has become a real estate prognosticator.

I will say that I’ve never seen anything quite like this market in my 18 years as a Realtor.  More than usual, the Buyers and Sellers appear to be marching to the beat of a different drummer. This is apparent in the disconnect between the August increase in the Median For Sale Price and the drop in the Median Sold Price and Under Contract Price.

From the 5% median For Sale price increase of $439,900 over the August 2007 Median For Sale Price of $419,500 to the 6% Median Sold price drop ($435,000) in August 2009 as compared to August 2007 Median Sold Price ($462,450), it appears that, at least here in Tredyffrin Township, Buyers and Sellers perceive the market direction very differently.

See Main Line Pa Today for more August 2009 Tredyffrin Real Estate Market info:

Tredyffrin Real Estate August 2009 Report

The 1st Annual Paoli Blues Fest and Street Fair Saturday 10/3/09

Bring Canned Goods For REACT

The Deb Callahan Band Plus 15 other Bands will be performing in Paoli with a FREE Concert at the location of the Paoli Village Shoppes across from the Paoli Train Station and in other Paoli area locations such as Malvern Federal, Ace Paoli Hardware (my fav for kids toys and fix it help!), CVS in Paoli Plaza and the Paoli Design Center all sponsors of the event.

Bring some non-perishable food donations to support the REACT Food Closet. Valley Forge REACT, needs your help. REACT, together with assistance from the community and members of the Tredyffrin-Easttown Fire and Police force  assists area families in need every day and through the holidays.

Have fun and do good! A winning combination.

Saturday 10/3/09 12 Noon to 6pm RAIN OR SHINE!

Saturday September 19th between 12 noon and 5pm (rain or shine). Mark your calendars for the annual tour of historic homes in Tredyffrin Township. The  5th Annual Historic House Tour Ticket  Order Form can be used if you like to mail your check or you can order your Tour Tickets online at the Tredyffrin  History website.

Highlights for The Tredyffrin 5th Annual Historic House Tour will

Read more about th Tredyffrin Historic House Tour at Main Line Pa Today:

Tredyffrin 5th Annual House Tour Historic Preservation Trust

11 Fun Things To Do Labor Day In Chester County Main Line Pa Area

I took Daisy for a walk early this morning and felt that invigorating zip in the morning air that I just love. Heat and humidity are not my fav. Now the A/C is off and PECO is on their own for awhile.

Getting ready to celebrate Labor Day, September 7th 2009? Here’s a few fun ideas for you and your family to do to help savor the last weekend of Summer:

The Ludwig’s Corner Horse Show and Country Fair Labor Day Weekend September 5, 6 and 7 is an annual Family Tradition. $7 for Adults and $3 for Children makes this event a winner for families.

Visit Main Line Pa Today for 10 more fun places to go over Labor Day Weekend:

11 Fun Things To Do Labor Day 2009 Chester County Pa