The U.S. Senate passed two bills last evening previously passed by the House. Both bills still need President Obama’s signature to become law, but that’s expected to happen quickly. Homebuyer tax credit The Senate passed HR 5623, which extends the mandatory closing date to qualify for the homebuyer tax credit. The contract deadline does not […]
Tag Archives: $8000 credit
Housing bargains abound, but try closing the deal quickly! Short Sales and pre-foreclosures are painful
If you are like many home buyers who are trying to break into the real estate market in Tampa Bay, you know there are some amazing deals out there. Homes that sold in 2005 for over $200,000 are now selling for $100,000 or less in some areas! This makes buying a home a lot of […]
Nine tips to sell your home in 2010
Signs of a recovery in the real estate market indicate this may not be the “Winter of your Discount Tent.” Home sales, value and mortgage applications have risen slightly as mortgage rates stand at a historic low. This slight glimmer of positive news is offset by estimates that about 48 percent of all U.S. mortgages […]
The Waterford town homes in Clearwater FL
David Price with Coldwell Banker is pleased to announce 2525 Harn Blvd #5, Clearwater, FL 33764. A 2 bedroom 1.5 bath town home listed with Coldwell Banker and The Price Group. First time home buyer and investors! This like new townhouse built in 2004 is light bright, open and has a very functional floor plan […]
First Time Homebuyers $8,000 Tax Credit – New Form and Some Delays
The IRS released the form Tax credit form 5405 “first time home buyers” What this means is there have been a whole lot of very frustrated people waiting for the first time homebuyers $8,000 tax credit. I don’t think most people buying a home anticipated the IRS would wait a little over 2 months to […]
December 2009 MLS Stats for Pinellas County FL
Lot’s of great info here! Take a look at the number of active homes on the market today compared to the past couple of years. The median home price is also on the rise. If we see the unemployment rate go down we could see a much faster recovery in Pinellas County. The number of […]
What does the tax credit mean to you?
A Great Deal in Real Estate is Now Better ote: This is intended to provide an overview only – for specific information or individual concerns, please contact your lawyer, accountant and/or financial advisor. The federal income tax credit for homebuyers has been extended and expanded to now include homeowners who wish to “move on” after […]
Homebuyer Tax Credit
Thanks to the newly extended and expanded homebuyer tax credit, first-time homebuyers may still qualify for an $8,000 tax credit and existing homeowners may qualify for a $6,500 tax credit when they buy a new home. That’s a guaranteed federal tax credit that directly reduces the amount of taxes you owe for the entire year. […]
Housing Affordability Hovers Near Record-High Level for Third Consecutive Quarter
November 23, 2009—Nationwide housing affordability, bolstered by affordable interest rates and low house prices, hovered for the third consecutive quarter near its highest level since the series was first compiled 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 70.1% of all new and […]
Senate panel OKs extension for home buyers’ credit
WASHINGTON – Oct. 29, 2009 – Senators reached a compromise to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn. Lawmakers in Washington also added a $6,500 tax credit for other primary-home purchasers and raised the qualifying income limits to […]