As you may, or may not know, the Federal Housing Administration (FHA) is in some trouble from a financial standpoint. I read the “Daily Forecast Update” from the National Association of Realtors today, and that update mentions that the loan underwriting standards for FHA loans will be changing, in the MORE STRICTER side of things. [...]
Continue reading about BREAKING NEWS: FHA Minimum downpayment will be raised. . .
Home sales both nationally and locally had their strongest performance of 2009 in November. Undoubtedly aided by the deadline on the 2009 First Time Homebuyer Tax Credit, sales showed modest gains over a strong October 2009 and substantial gains from a year earlier (November 2008). Nationally, sales were 44.1 percent higher than in November 2008, [...]
Continue reading about Home sales up in Chester County and nationally
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Continue reading about This Month In Real Estate – December 2009
As you know by now, the First Time Home Buyer Tax Credit has been extended until April 30th, 2009 and also expanded to include some home owners selling their home and buying another. So what are the results that the credit passed last year had on the overall market? Let’s take a quick look at [...]
Continue reading about Results of the First Time Home Buyer Tax Credit in 2009
What are other first time buyers doing? The tax credit extension and expansion in November has fueled new discussion about home buyers and the housing market in 2010. Here’s a look at first-time buyers in 2009. The median age is 28, significantly down from where it was in 2005 at 32. Location or Neighborhood was [...]
Continue reading about First Time Home Buyer Profile for 2009
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Continue reading about First-Time and Repeat Buyer Tax Credit Explained Chester County
BREAKING NEWS – The Senate and the House voted on November 6th to extend and expand the Homebuyer Tax Credit through April of 2010. It has also enabled current home owners to receive a tax credit of up to $6500 when selling their current home and buying another.
Continue reading about It’s official – The Federal Homebuyer Tax Credit has been extended!
Here is a quick update on the tax credit: A measure to extend and expand the first-time home buyer tax credit won Senate approval Wednesday The new credit still must pass through the House, that would send it to the President to sign into law New tax credit would extend the existing credit for first-time [...]
Continue reading about First Time Home Buyer Tax Credit update, November 5th
This is a question or rather – comment- that I hear a lot, that the tax credit will be upped to $15,000. This is a good article that goes into the uphill battle the bill has to get that done. My professional opinion is that the government will extend the tax credit for the public [...]
Continue reading about Will the $8,000 First-Time Home Buyer Tax Credit Expand to $15,000?
Senate Democrats plan to extend an $8,000 tax credit for first-time homebuyers and allow benefits for some people who already own residences, a spokeswoman for Majority Leader Harry Reid said. The proposal would let homeowners qualify for a $6,500 credit if they have lived in their residence for five years, said Reid aide Regan Lachapelle. [...]
Continue reading about BREAKING NEWS: First Time Home Buyer Tax Credit nears extension!
