buyers: Buyers Who Wait May Lose a Lot
- 03/05/10 10:09 AM
Buyers Who Wait May Lose a Lot Potential home buyers who delay have a lot to lose. First-time home buyer and move-up tax credits worth $8,000 and $6,500, respectively, expire April 30. Buyers who qualify get a dollar-for-dollar reduction in taxes or a cash payment if they don’t pay enough taxes to cover the credit. Other factors that should spur buyers: Low mortgage rates. If the Federal Reserve stops buying mortgage-backed securities at the end of March, 30-year rates will almost certainly rise to more than 6 percent. Rising prices. About 30 percent of markets are already experiencing price increases. Prices … (1 comments)
buyers: Tax Credit Quandaries Answered
- 12/01/09 07:59 AM
Tax Credit Quandaries Answered The complexity of new home buyer tax credits leaves potential buyers with many questions. Here are answers to some of the most confusing: How does a current home owner qualify for the $6,500 credit? Buyers must have lived in their homes for at least five out of the last eight years. The home they buy must become their primary residence, but buyers don’t have to sell their previous home. They can use the previous home as a rental or a second home and still claim the credit. Does the new home have to be more expensive than … (1 comments)
buyers: Choose When to Claim your $8000 Tax Credit
- 04/04/09 09:36 AM
This article courtesy RISMEDIA First-Time Home Buyer? Choose When to Claim Your Tax Credit RISMEDIA, April 4, 2009-With the deadline for filing federal tax returns fast approaching, the National Association of Home Builders (NAHB) has made information available for qualified home buyers about how and when to claim the $8,000 first-time home buyer tax credit. The basic eligibility requirements for the credit are: the home must have been purchased on or after Jan. 1 and before Dec. 1, 2009; the buyer may not have owned a home in the three years prior to the purchase; and the buyer must have a … (0 comments)
buyers: 5 Reasons to Buy your Vacation Home Now
- 04/04/09 09:34 AM
This article courtesy of RISMEDIA 5 Reasons to Buy Your Vacation Home Now By Christine Karpinski RISMEDIA, April 4, 2009-You'd love to buy a vacation home, but (let's be honest) the recession and the not-so-dim memory of the housing bubble have you a bit skittish. If only you could see what the future holds. But since a reliable crystal ball has yet to be invented, you must resort to less mystical indicators. According to Christine Karpinski, the National Association of Realtors® (NAR) 2009 Investment and Vacation Home Buyers Survey suggests that the iron is sizzling hot-and if you're going to strike, … (0 comments)
buyers: Is FHA the Key to the Housing Rebound?
- 04/04/09 09:30 AM
This article courtesy of RISMEDIA Is FHA the Key to the Housing Rebound? RISMEDIA, April 4, 2009-The Federal Housing Administration (FHA) is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors® (NAR) recently delivered to the Senate Appropriations Subcommittee. "Without FHA financing, families would be unable to purchase homes and communities would suffer from continued foreclosures and blight," said Lennox Scott, a member of NAR's Real Estate Advisory Board and CEO of John L. Scott Real … (0 comments)
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