A recent article in the USA Today has made reference to the fact that homes sale prices have risen for the third straight month in July which is added fuel to speculation that the recent housing downturn has turned and better times are ahead. With that being said, there are still numerous “deals” out there [...]
Today, House Bill 261 was signed by Governor Sonny Perdue. This bill provides an $1800 tax credit which would be taken over three years. This bill is immediately in effect and is meant to spur the housing market. The amount of the credit will either be $1800 or 1.2 percent of the purchase price (whichever [...]
In recent months, I have been talking to you about the “window of opportunity” when it comes to mortgage lending. As I type this post, rates are within a half a point of the lowest rates in country’s history. If you have been sitting on the fence waiting for 4% interest rates, here are a [...]
Looking for a reason to refinance your current mortgage or are you looking to purchase a new home? If the answer is yes, or even “maybe” you may want to consider that the 30-year fixed-rate mortgage rate has dropped to its lowest level on record. The average rate is the lowest in McLean, Va.-based Freddie [...]
People ask me all the time about creative financing options. While there is certainly lots of lending going on and plenty of available cash for qualified borrowers, the criteria that lenders are using to qualify a buyer have become much tighter & more restrictive. As a result, there’s a lot more that need a home [...]
I wanted to get this information out to everyone that wants information on the new First-Time Home Buyer Tax Credit. As many of you have heard, the tax credit is available for first-time home buyers but what does that really mean? Well here are some of the highlights which I think you will find very [...]
As I continue to monitor the economic news within the US and abroad, more positive signs came across my desk (computer) this morning that I wanted to share: Retail Sales Rebound / Jobless Claims Fall – USA Today article: http://www.usatoday.com/money/economy/2009-02-12-jobless-retail-sales_N.htm?loc=interstitialskip Good News “Foreclosures Down 10%” – USA Today article: http://www.usatoday.com/money/economy/housing/2009-02-11-decline-housing-foreclosure_N.htm Coca-Cola Shares Rise: Reuters article: [...]
Great news for potential home purchasers in 2009 if the stimulus package presented to the Senate is passed. Last night the Senate approved adding a $15,000 tax credit for home buyers. The tax break for homebuyers, which the Senate approved by voice vote without opposition, was the second amendment in two days intended to encourage [...]
Are you a first-time homebuyer? Don’t be too quick to answer that question, because you might be very surprised to find out that you actually are a first-time homebuyer. The correct answer to this question could actually qualify you for up to $7,500 (interest-free loan) from Uncle Sam. Before I go any further, let me [...]
The US Department of Housing and Urban Development has recently awarded Diamond Dwellings Realty the coveted approval for the listing and sales of homes offered by HUD. This is a very stringent process and to have received HUD approval is a milestone for the company. I have been selling HUD homes for a number of [...]