arlington homes for sale: Home Buyer Tax Credit Extension Becomes Reality + October Stats for N. Virginia
- 11/12/09 01:07 PM
On 11/6/09 the President signed legislation approving an extension and expansion of the home buyer tax credit. Key points of the legislation include: * Extension of the $8,000 tax credit for first-time home buyers under contract by April 30, 2010 and settling by July 1, 2010; * Addition of a $6,500 tax credit for existing home owners, if living in their principal residence for five consecutive years in the past eight years; * Increasing income limits for eligible home buyers to $125,000 for single buyers and $225,000 for couples; and, * Capping the purchase price of the home at $800,000. Northern … (0 comments)
arlington homes for sale: Can it be a Seller's market in Northern Virginia's Alexandria and Arlington?
- 09/13/09 04:36 AM
Being close to the Federal Government in Washington DC creates strong demand for housing. Momentum continues as buyers gain confidence that the bottom of the real estate market is at hand. Lower interest rates and lower prices have really helped fuel the market in 2009. In some price points and geographic areas there have been modest price increases along with multiple offers. Appraisals still remain a challenge in many sales, coming in lower than what buyers are willing to pay. Does this mean it's a seller's market? Well, it depends. It all boils down to location, price and commodity. Any property … (1 comments)
arlington homes for sale: $8000 Home Buyer Tax Credit Basics
- 05/03/09 03:13 AM
The American Recovery & Reinvestment Act of 2009 offers an $8000 maximum tax credit for first-time homebuyers buying homes as their primary residence between January 1 and December 1, 2009. A First-Time Home Buyer is anyone who has not owned a home within the last 3 years. If an unmarried couple jointly buys a home, and one person owned a home (within 3 years) and the other did not, they can “designate” the tax credit to that person who will be able to claim it on their individual tax return. This rule also applies for parents to co-sign on a mortgage. … (0 comments)
arlington homes for sale: Arlington County Market Stats
- 10/08/08 01:10 AM
Here are market stats for Arlington County for the month of September 2008: In September, the total number of active listings on the market in Arlington was 787. Of those active listings, the minimum list price was $105,000 while the maximum list price was $8,850,000. The average list price was $675,453. The average number for property days on the market is 108. The number of listings under contract was 143. Of those listings under contract, the minimum list price was $90,000 while the maximum list price was $1,659,900. The average list price was $535,288. The average number for property days on … (0 comments)
On 11/6/09 the President signed legislation approving an extension and expansion of the home buyer tax credit. Key points of the legislation include: * Extension of the $8,000 tax credit for first-time home buyers under contract by April 30, 2010 and settling by July 1, 2010; * Addition of a $6,500 tax credit for existing home owners, if living in their principal residence for five consecutive years in the past eight years; * Increasing income limits for eligible home buyers to $125,000 for single buyers and $225,000 for couples; and, * Capping the purchase price of the home at $800,000. Northern … (0 comments)
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