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Elkhart Real Estate Agent Evelyn Johnston Says: Owning A Home Has It's Benefits!
Opportunity is knocking for those considering homeownership for the first time, says Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty. owning a home has it's benefits! Historically low interest rates, lower home prices in most markets and the first-time homebuyer tax credit - part of the American Recovery and Reinvestment Act of 2009 - brought first-timers to the market in droves throughout the year.
In fact, these consumers represented about half of home sales logged during 2009, according to the National Association of REALTORS®, a significant increase from historic levels. And the favorable conditions that prompted many of these first-time buyers are likely to continue. President Obama in early November signed into law a five-month extension of the first-time homebuyer tax credit of up to $8,000, as well as a new tax credit of up to $6,500 for existing homeowners who want to purchase a home to be their primary residence (see your real estate professional and tax advisor for details). Both credits will be available through April 30, 2010.
Today's opportunities aside, here are eight time-honored reasons why those considering homeownership for the first time should make their move. 1. Pride of OwnershipOwning your own home adds to your own sense of self-esteem ... more

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