home buying: Use your $8,000 Tax Credit NOW- New guidelines passed this week!
- 06/01/09 08:01 AM
Just In Time to Make Dreams Come True On Friday, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHA-approved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down payments or closing costs. This, according to Les Christie of CNNMoney.com, will continue to push demand by first time home buyers. Mr. Christie states a recent study by the National Association of Realtors which shows the $8000 tax credit for first time home buyers has truly stimulated the real estate market. First time home … (1 comments)
home buying: Pending Home Sales are on the Rise !!
- 05/28/09 05:15 AM
Pending Home Sales Are On The Rise According to NAR By Kyle Smith Market indicators for the first three months of 2009 are showing signs of hope based on recent pending home sales. With many first-time buyers taking advantage of near record-high housing affordability conditions, and record low interest rates according to the latest report released by the National Association of Realtors (NAR) on Monday. NAR's Pending Home Sales Index, which looks at recent real estate contract sales as a barometer of future activity, reflects some signs of promise. Contracts written in March of 2009 show a 3.2 percent increase … (1 comments)
home buying: Hey, Chicken Little!! The sky isn't falling, but mortgage rates sure have!!
- 05/01/09 09:32 AM
Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4.78% and holding. The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal. For home buyers (who typically move every 5-7 years), this means that on a home priced at $200,000, this rate will drop their payment by $212 a month, or a savings of $2,500 a year! That's a good chunk of change- when you figure that over 5 years,it's over $10,000!! If you are thinking … (0 comments)
home buying: Tyler Market Is Heating Up!
- 10/02/07 09:03 AM
Good news for Tyler and East Texas homeowners, the buyers are coming. We have seen a sudden increase buyers looking at homes in the last week. How much you ask, 350%. After a few weeks of slow activity, we have received a surge of activity, with contract numbers increasing as well. Interest rates have fallen over the past two weeks, and that seems to have fueled much of this renewed interest in home buying. … (3 comments)
Just In Time to Make Dreams Come True On Friday, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHA-approved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down payments or closing costs. This, according to Les Christie of CNNMoney.com, will continue to push demand by first time home buyers. Mr. Christie states a recent study by the National Association of Realtors which shows the $8000 tax credit for first time home buyers has truly stimulated the real estate market. First time home … (1 comments)
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