Archive for Real Estate
North Texas Housing Market Fairing Better Than Most
The S & P has surveyed 20 large metropolitan areas regarding housing values. According to that survey, nationally, home values have plummeted well over 18 percent. In the 20 metropolitan areas that were surveyed, all are reporting decreases and 8 of the top 20 are reporting that values have declined more [...]
New Home Buyers Claim Tax Credit on 2008 Taxes for 2009 Purchase!
The new stimulus package will allow new home buyers, defined as those who have not owned a home in the last three years, to take the maximum $8,000 tax credit off their 2008 taxes even though the purchased will take place in 2009. The tax credit is 10% of the purchase price with a [...]
Time to Buy – Existing home sales begin recovery
This may be the best time in decades to buy a home. With record low interest rates and very low home prices, housing may just lead the way to our economic recovery. And, it may have already stared.
According to Business Week, in December there was an increase in sales of existing homes. [...]
Stimulus package offers real $8,000 tax credit
The new stimulus package, set to be signed in Denver today by President Barack Obama, will contain some help for first time home buyers. The previous tax credit, which had to be repaid over 5 years, has been replaced by a real $8,000 tax credit that does not have to be repaid.
Homeowners who [...]
Realtors look forward to stimulus
Recovery in the housing market is key to overall economic recovery and no one knows that better than the National Association of Realtors (NAR). They are looking forward to the implementation of the Presidents stimulus package citing a number of reasons why they back this plan.
According to NAR President Charles McMillan, who is [...]
Update: Tax credits for home buyers and homeowners
The bill now being considered offers first-time homebuyers a tax credit of up to $8,000 if they buy homes between Jan. 1 and Dec. 1, 2009. Those who haven’t owned a home in the last three years will qualify as first time buyers. Additionally, existing homeowners could get a tax credit of up [...]
Homeowner bailout? What can we expect?
On Tuesday (2/10/09), Treasury Secretary Timothy Geithner is expected to reveal the administrations plans for the $350 billion remaining in the financial industry bailout package. The federal government wants to set aside between 50 and 100 billion dollars of the money to address the foreclosure crisis, but exactly how that money will be [...]
Big stimulus money for Texans
The State of Texas stands to receive an extraordinary amount of money in the federal stimulus package. How big? Well for some programs, the infusion money will surpass the states annual share of appropriations. Some of the monies, about $270 million, are to be set for clean water infrastructure, which [...]
Best time to buy…
CNNmoney.com just released an article stating it is the best time to buy a home in more than 4 years. With the high amount of foreclosures and surplus of houses on the market, the value of homes is dropping rapidly leaving many homes undervalued. Just a few days ago my husband showed me another article [...]
Happy New Year
It is a new year, and I am excited to see what happens with the Dallas real estate market in 2006. Amazingly, 2007 ended up being a relatively stable market for Dallas and Collin Counties. The market has slowed down, but housing prices are up. And with the drop in the interest rates, there is [...]