For certain members of the military, and for certain federal employees, there’s just 2 months remaining to get use the federal home buyer tax credit. [...]
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Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. [...] Today’s home buyers should consider making offer sooner rather than later. Looking at the data, it appears the best time to have found a “deal” on a home may have been in February. [...] The sales of newly-built homes soared in March. Even more than what was expected. But the news may not be as glowing as what the media is telling us. [...] A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too. [...] If you’re under contract for a home and plan to close in May, consider a closing date other than Friday May 28, 2010. [...] If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid. [...] There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years. [...] April 15 is Tax Day and the IRS estimates that the average U.S. household will receive a $2,800 tax refund this year. If you’re among the Americans expecting a refund, this 4-minute piece from NBC’s The Today Show may be helpful. It’s a talk about how to receive a refund and what to do [...] As expected, Existing Home Sales fell in February, slipping 30,000 units versus January’s numbers. It’s the 4th straight month in which Existing Home Sales were lower, month-over-month. In case you didn’t know, an “existing” home is one that is previously owned and lived-in (i.e. not new construction). In November 2009, Existing Home Sales peaked just [...] |
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