Taos, NM First time homebuyers credit is about to end. The first quarter of 2010 closes with some interesting statistics. There is a record high housing affordability index and the lowest mortage rates since the Eisenhower administration. There has really never been a better time to buy!
A recent survey of home sellers showed that 77% beleive that their properties are fairly priced. However in Taos county there is approximately a 12-20% difference in list price to sell price. This is good news for First time home buyers. They can utilize the $8000 credit through April and still get a really good value on some great homes.
For buyers who qualify, there are also still FHA and VA loans available as well as the home buyers credit.
Taos is such a great place to live and with the first time home buyers credit it is also affordable for those who are new in the market. This incentive for buyers will run out at the end of April, so hurry up and start looking for