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 […]
Tag Archives: $8000 tax credit
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 […]
$6,500 tax credit concerns. Must current home be sold to qualify?
By Benny Kass, Tuesday, January 5, 2010. Inman News DEAR BENNY: My wife and I are considering a move to Arizona. As we have lived in our current townhome for six years, I am sure we would be eligible for the homebuyer credit of $6,500. What I cannot find is any reference about if and […]
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 […]
Senators differ on extending homebuyer tax credit
WASHINGTON (AP) – Oct. 27, 2009 – Top Democrats in the Senate are pressing a plan that would extend a popular tax credit for first-time homebuyers but gradually phase it out over the course of next year. The proposal, by Majority Leader Harry Reid, D-Nev., and Senate Finance Committee Chairman Max Baucus, D-Mont., would extend […]