tax credit: San Antonio area home sales shoot up - the market looks good for buyers and sellers
- 04/23/10 02:02 AM
According to recent statistics from the San Antonio Board of Realtors, home sales in the San Antonio metro and Bexar County increased by 28 percent in March from March 2009. Over 1,700 houses were sold. First-quarter 2010 sales were up 12 percent from a year ago. The 1,849 pending sales at the end of the month were the most since August of 2007, and most likely reflect the rush of first-time home buyers to take advantage of the tax credit that expires at the end of April.
The average days on market were 90, a sign of a healthy market. … (5 comments)
WHEN WAS THE LAST TIME YOU SAW A POLITICIAN WITH THEIR MOUTH SHUT? They just cannot keep their mouths shut about anything. IF YOU WANT TO KILL A REAL ESTATE MARKET TODAY. . . . PROMISE A BETTER DEAL FOR NEXT YEAR! Why not let it expire, get the data next tax season and see how many first time buyers got the credit and how … (9 comments)
tax credit: The Press is on...
- 09/15/09 07:07 AM
I agree with Lane. It's better to think long term, since real estate is a long-term investment. I don't want to be one of those special interest groups pressuring the government for bailout money so I can sell more houses with help from other taxpayers. Read what he says and decide for yourself whether to go along with the NAR.
I have recieved emails this morning from the NAR and from my local association regarding the $8,000 First Time Home Buyer Tax Credit. There is a full court press from the National Association of Realtors as well as the local associations to … (1 comments)
tax credit: A new tax break for first-time home buyers
- 02/22/09 09:07 AM
The housing stimulus portion of the American Recovery and Reinvestment Act provides for an $8,000 tax credit for first-time home buyers who buy a home on or after January 1, 2009 and before December 1, 2009. The credit does not need to be paid back, and is claimed on a tax return to reduce the income tax liability. If any of the credit remains unused, then that amount will be refunded to the home buyer. Last year's $7,500 tax credit was also a good deal, although it has to be paid back over 15 years, or when the home is sold. … (6 comments)
According to recent statistics from the San Antonio Board of Realtors, home sales in the San Antonio metro and Bexar County increased by 28 percent in March from March 2009. Over 1,700 houses were sold. First-quarter 2010 sales were up 12 percent from a year ago.
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