Posts Tagged ‘worker homeownership and business assistance act of 2009’

Housing tax credits – 58 days to go!

Posted on March 3rd, 2010, by DHW

Homebuyers have 58 days to obtain a written, binding contract to qualify for the housing tax credits. First-time buyers and buyers who have not owned a primary residence for the past 3 years qualify for an $8,000 tax credit (or 10% percent of the sales price, whichever is less) so long as they are under [...]

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88 Days Later — Housing tax credits expire soon

Posted on February 1st, 2010, by DHW

The extended housing tax credits are set to expire soon. Buyers must have a signed contract on or before April 30, 2010. The transaction must close by July 1, 2010. There are additional extensions available to certain armed service, intelligence service and foreign service personnel.
DHW asks: Will you take advantage of the housing [...]

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Game clock: Housing tax credits expire in 107 days

Posted on January 13th, 2010, by DHW

Buyers hoping to take advantage of the housing tax credits will need to have a written, binding contract in effect by April 30, 2010. Buyers will have until July 1, 2010 to close.
There are exceptions for certain armed service, intelligence service and foreign service personnel.
DHW asks: Will you take advantage of the housing tax credits?
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Tax Credits: extra perks for armed service and foreign service personnel

Posted on December 30th, 2009, by DHW

Press release explaining housing tax credits benefits for the armed service, intelligence service and foreign service personnel  (National Association of Realtors).
“SAN DIEGO – Nov. 13, 2009 – According to the National Association of Realtors@ (NAR), the recent homebuyer tax credit extension expands benefits for the U.S. military.
Armed service, intelligence service and foreign service personnel on [...]

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Unlike many things in life, home sales exceed expectations

Posted on December 22nd, 2009, by DHW

According to the National Association of Realtors, November home sales skyrocketed 7.4 percent. Analysts were predicting an increase of 2.9 percent. The housing tax credits are credited with the spike in sales.
There are 129 days until the housing tax credits run out. For more details about the housing tax credits, visit our Housing Tax Credit [...]

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Tick-tock, Housing Tax Credits expire in 153 days

Posted on November 28th, 2009, by DHW

Before you know it, we’ll be saying goodbye to the beloved housing tax credits that brought new life to sales markets around the country. Here are some helpful links for first-time buyers seeking an $8,000 tax credit and for those taking advantage of the $6,500 tax credit.
The $8,000 Tax Credit (this link is provided by [...]

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The South will rise again, but in a good way.

Posted on November 16th, 2009, by DHW

A survey released last week by Move.com, a real estate website, shows 1 in 5 Americans plan on purchasing a home within the next year. The survey also revealed these buyers are most likely to be 34 years of age or younger and live in the South or West.
It should be noted this survey was [...]

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Will expanding the housing tax credits beyond first time homebuyers contribute to housing inventory woes?

Posted on November 15th, 2009, by DHW

The Capital published an intriguing article addressing the potential side-effects of expanding the housing tax credits beyond first time homebuyers. The article raises some fair questions with regard to existing homes needing to be liquidated so that current homeowners can take advantage of the housing tax credits now afforded to them. The Capital article focuses on [...]

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Realtors forecast uptick in home prices 2010

Posted on November 14th, 2009, by DHW

Lawrence Yun, chief economist for the National Association of Realtors, predicted on Friday that home prices will rise in 2010. If his prediction holds true, home prices will see their first increase in four years.
Yun pointed to the current price-income ratio of 2.4 as evidence of pent-up demand in the market. The price-income ratio accelerated [...]

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Audit: FHA’s reserve funds way below what law requires

Posted on November 12th, 2009, by DHW

From The Washington Post : ‘FHA’s cash reserves have dropped well below amount required by law, audit shows’
DHW asks: Do you think the FHA’s reserves will hit zero?
FHA loan limits in your area
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