1st time homebuyers can now file for their $8,000 tax credit using new form 5405.
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In a recent report from the National Association of Home Builders (NAHB) and Wells Fargo (WFC, Fortune 500), it shows that the amount of affordable homes sold in the US is up 20% from October of 2008. To determine affordability, they take into consideration how many homes are on the market. And out of those homes, how many the average American family (making the nation’s median income of $64,000) could afford to buy those homes. With the extra tax incentive (extended until April 30, 2010) and the large inventory of affordable homes on the market, now is a good time to buy…
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44,847 home buyers file for credit in NC 4 Good reasons why now is the time to buy: •$8,000 1st time home-buyer’s tax credit extended until April 30, 2010 •$6,500 tax credit extended to consumers that have owned a home for the last 3 years or more and are looking to purchase real estate •Individuals with a modified adjusted gross income of between $125,000 and $145,000 can qualify to receive a portion of the new tax credit for existing home owners looking to buy a new home •Interests rates holding steady at around 5%
Read all of “Real estate industry cheers tax credit extension” dailyadvance.com
It's been two weeks since my last update and the data has been piling in. As a result, hopefully you will find this contribution particularly robust. I like to track the overall economy as well as the Raleigh/Fuquay market, so I've included some macroeconomic data points for your perusal. Our overall goal is to educate clients. Educated buyers feel more comfortable and have the "courage of their convictions" when making real estate decisions.
Read all of Is a Bubble Forming in Homes Priced under $200,000?
