housing market: American Recovery and Reinvestment Act-Chart - 02/17/09 03:50 AM
FIRST-TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act
Major Modifications Italicized
February 2009
 

For more information please contact Lara O'Keefe at 972.838.9156 or visit Hunter's Creek.
(4 comments)

housing market: Good News-Stimulus Bill Passed! - 02/16/09 10:12 AM
Finally some good news for the housing industry! The economic stimulus bill passed and is awaiting President Obama's signature on Tuesday, February 17th.
First-time buyers can claim a credit worth $8,000 or 10% of the home's value, whichever is less on their 2008 or 2009 taxes.
The credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill was less than that amount.
To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years … (6 comments)

housing market: Housing's "Ace in the Hole" - Inflation! - 02/12/09 07:59 AM
Inflation!!!
Typically considered to be something bad. In fact, the Fed's mandate is "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." However, today's economic environment is anything but typical. We are currently experiencing "DEFLATION", which governments hate even more than inflation. How inflation will ultimately loom over us:
US leaders (Congress, President, Treasury Secretary, the Federal Reserve, etc.) doing everything possible to keep economy from collapsing. Original $700 billion bailout. $350 billion for equity investments in banks. Remaining $350 billion to make other investments. Tax rebate(s) of 2008. Obama's $900 billion "economic stimulus" currently … (10 comments)

housing market: Positive Signs in DFW Housing! - 02/12/09 07:46 AM
Positive signs in DFW housing
5.7 months' inventory on home resale listings (6 months is generally considered equilibrium.) Continued population growth offers support. DFW has only 3.1 months' inventory of new home (finished and vacant) inventory, per Metrostudy (Builders have shown significant restraint in keeping housing starts low.) Job creation 1/08 to 12/08 US Metro Areas 
12 Month Rank Metro Area J ob Growth
Houston - Sugarland - Baytown              57,300 Dallas - Fort Worth - Arlington                43,300 San Antonio                                         14,900 Washington - Arlington - Alexandria        11,800 Austin - Round Rock                               9,600   Rank Metro Area 12 Month J ob Growth Rate
Houston - Sugarland - Baytown               2.2% … (2 comments)

housing market: Housing Market Crystal Ball - 02/12/09 07:33 AM
Housing Market Crystal Ball
January always is the slowest month for residential sales, so seasonal uptick starting now that February is here. Refi boom to continue through first half of 2009. Construction to remain sluggish until summer. Building rebound date dependent on each neighborhood's supply/demand. Obama's "economic stimulus" to positively impact spring market. Inflationary pressures toward the end of 2009 will make real estate in stable markets like DFW an excellent investment. As "certainty" (from federal bailouts, interest rates, job security, inauguration, etc.) returns over the coming months, DFW residential market is poised to rebound in the spring of 2009. National … (2 comments)

 
Lara  O'Keefe (North Texas Home Finders)

Lara O'Keefe

McKinney, TX

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North Texas Home Finders

Address: 3604 Braewood Dr, McKinney, TX, 75070

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