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Home Buyer Tax Credit
Proposed Home Buyers Tax Credit As part of the President’s economic stimulus plan, there is a proposed change in the $8,000 tax credit that was passed by Congress last summer as a part of the Housing Recovery Act, giving first time home buyers a $8,000 credit that would require that the tax credit be […]
Interests Rates Expected to Remain Low
Interests Rates Expected to Remain Low With the U.S. Economy entering a second year of recession, it is expected this week that the Federal Reserve is going to keep interest rates at all time lows for awhile and possibly for the rest of the year. The Feds have been buying up piles of companies’ […]
Today’s Real Estate News
Today’s Real Estate News A few items that I wanted to talk about. The first is the latest pending home sales index for November 2008 released by the National Association of Realtors (NAR), which is a good indicator of what to expect in the housing market in the next couple months. Next, the […]
Home Sales Are Up and Inventory is Starting to Drop
Home Sales Are Up and Inventory is Starting to Drop The National Association of Realtors just released their latest report on December 2008 home sales, and there is good news. Home sales rose 7% in December 2008 compared to November 2008. Inventory dropped 11.7% to 9.3% months of supply at the current sales pace. Reasons […]
