Your Key to Home Ownership is Here!

Click here for details on how you can take advantage of the Home Buyer Tax Credit that has been extended through June 2010 and expanded to include people with higher incomes and some who want to trade up into new homes. Learn everything you need to know about the tax credit including: What types of homes will qualify? Who is eligible to claim the tax credit? What is the amount of the tax credit? If you have a unique situation and more specific questions, we encourage you to contact our Mortgage Department or any one of our professional Sales Associates for assistance.

$8,000 Homebuyers Tax Credit Extended

President Obama reups popular tax credit through June 2010 and expands it to include people with higher incomes and some who want to trade up into new homes.

NEW YORK (CNNMoney.com) -- President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.
Full story

Source: money.cnn.com

What Impact Will Homebuyer Tax Credit Extension Have on Housing Industry?

RISMEDIA, November 4, 2009—(MCT)—Congress is a step closer to extending the $8,000 first-time homebuyer tax credit and offering a new credit to other types of buyers, but some analysts are downplaying the controversial stimulus’ effect on the housing market.
Full story

Source: www.rismedia.com

Breaking News: Senate Plans to Extend and Expand Tax Credit

RISMEDIA, October 30, 2009—(MCT/The Wall Street Journal)-The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn.

While its passage remains uncertain, the agreement would extend the existing credit for first-time homebuyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all homebuyers who have been in their current residence for a consecutive five-year period in the past eight years. Lawmakers in Washington also raised the qualifying income limits to $125,000 for single taxpayers and $250,000 for joint taxpayers, from the current $75,000 and $150,000, housing-industry sources said. Under the Senate compromise, buyers must have sales agreements in hand by April 30, but they will have until June 30 to go to settlement, said the sources. The measure still faces votes in the full Senate and the House.
Full story

Source: www.rismedia.com

New Home Sales Fall in September for First Time in 6 Months

After five consecutive months of increases, sales of newly built, single-family homes fell 3.6% to a seasonally adjusted annual rate of 402,000 units in September 2009, according to data released by the U.S. Commerce Department.
Read full article

Source: www.rismedia.com

Home Sales Rebound to Highest Level in 2 Years

NEW YORK (CNNMoney.com) -- Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to a report released Friday.

Sales of previously-owned homes jumped 9.4% in September after falling for the first time in four months in August, said the National Association of Realtors. Year over year, sales of existing homes were up 9.2% in September. "Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home," said Lawrence Yun, NAR chief economist.
Read more

Source: money.cnn.com

Your Key to Home Ownership

Click here for details on how you can take advantage of the 2009 Home Buyer Tax Credit to buy the home of your dreams. Learn everything you need to know about the tax credit including: What types of homes will qualify? Who is eligible to claim the tax credit? What is the amount of the tax credit? If you have a unique situation and more specific questions, we encourage you to contact our Mortgage Department or any one of our professional Sales Associates for assistance.