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first time home buyer: New Factors Widen Choices for Home Buyers - 03/26/13 12:08 PM
The concept of “starter homes” cropped up after the end of the Second World War, when millions of young families took advantage of low-cost new developments to gain a foothold in homeownership: the emblematic first step in fulfilling the American Dream. Today’s first-timehome buyers are a lot less predictable—just as the market itself is altogether different. As we recover from the previous years’ economic declines, which temporarily suppressed the number of Evansville home buyers, the combination of low interest rates and historically affordable home prices allows many to aim for bigger and more accommodating housing— skipping the starter home altogether. For (1 comments)
first time home buyer: Rental Increases Motivate Investors, 1st-Time Homebuyers - 02/15/13 12:18 PM
To the extent that rentals reflect wider real estate movement, there is good news and bad news for Evansville tenants. It all depends on how they view it (and how they chart their personal housing strategy). The bad news was not unexpected: for the third straight year, rents were up across the nation in 2012, according to apartment housing industry expert MPF Research.
Although rents rose at a slightly slower pace than in 2011, national forecasts are calling for rent increases in 2013 that match last year’s. The research firm said that apartment rents climbed 3.0% in 2012, down (0 comments)
first time home buyer: Forget the 'Starter Home,' New Buyers Want More - 02/08/11 02:03 PM
First-time home buyers once set out to buy a "starter home," which refers to an entry-level property that is affordable and often needs some updating. But new buyers are forgoing the "room for improvement" home, and are getting more choosy in their home shopping.Eighty-seven percent of first-time home buyers said they want to purchase a home that is move-in ready, according to a survey from Coldwell Banker Real Estate, which surveyed 300 first-time home buyers in the last year. First-time home buyers made up half of the market in 2010, according to the National Association of REALTORS®."There's a real 'aha' moment (1 comments)
first time home buyer: Tax Credit Extension Passes; Senate OKs Flood Bill - 07/01/10 06:17 PM
After a close brush with a deadline that could have impacted tens of thousands of home buyers, the U.S. Congress last night passed an extension of the Home buyer Tax Credit closing deadline. The extension is included in the Home Buyer Assistance and Improvement Act (H.R. 5623) and will prevent as many as 180,000 home buyers from losing their eligibility for the tax credit through no fault of their own. These households had home purchase contracts pending as of April 30 and had until June 30 to close on their purchases to claim the federal tax credit. Under the legislation that (1 comments)
first time home buyer: First-Time Buyer Tax Credit Extension Possible - 08/24/09 01:07 PM
Bills to extend the maximum $8,000 tax credit for first-time home buyers, which expires Nov. 30, are pending in both the U.S. House and the Senate.Sen. Christopher J. Dodd, a Connecticut Democrat and chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Sen. Johnny Isakson that would raise the credit amount to a maximum of $15,000.Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."Odds are that the credit will be extended (2 comments)
first time home buyer: Sorting out the first time homebuyer credit - 08/16/09 12:37 PM
Q: We have several questions about the first time homebuyer credit and hope you can help us. First we want to verify that this was extended and that we can still qualify. We think it was extended for purchases from July 2, 2009, to Dec. 1, 2009. Is that correct? I've never owned a home but my wife was married before and owned a home with her ex-husband. Can we still qualify for this credit based on my history of ownership? If we qualify, does it have to be a new home or just new to us? Could we just buy (2 comments)
first time home buyer: Home Buyer Tax Credit Could Expand - 06/22/09 03:03 PM
Any of the proposed changes below would be to the advantage of first time buyers and home owners who have a mortgage. We will continue to monitor this proposal and get back to you as soon as we have an update.
Home Buyer Tax Credit Could Expand A first-time home buyer tax credit of up to $8,000 has helped to move housing inventory during an otherwise sluggish real estate cycle. Now both legislators and the business community are hoping to build on the incentive's success by expanding it.
A number of bills have been introduced in the House and (1 comments)
first time home buyer: HUD: Tax Credit Can Be Used on Closing Costs - 05/31/09 07:56 AM
FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. The loans can't be used to cover the minimum 3.5 percent, senior HUD officials told reporters on (0 comments)
Existing-home sales - including single-family, townhomes, condominiums and co-ops - declined 3.0 percent to a seasonally adjusted annual rate of 4.57 million units in March from a downwardly revised level of 4.71 million in February, and were 7.1 percent lower than the 4.92 million-unit pace in March 2008.
Lawrence Yun, NAR chief economist, said the market appears to be stabilizing with modest monthly ups and downs, and that first-time buyers are driving the market. (0 comments)
The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.