Have you ever seen interest rates at low as 4%! I have NOT!
With the market the way it is, the interest rates as low as 4%-and the government giving away enough money to cover mortage payments for the next 6 months OR MORE...ask yourself one question:
Why would I NOT buy today?
Think about it. Did you hear what I said, "the government is giving you enough money to cover the first 6 months of payments OR MORE". I know that sounds wrong and not what they are saying, but let me explain.
If you purchase a house up to $250,000; the total payment (principal and interest) will be approx. $1305 a month. * The government is giving $8000 CASH, not tax credit, to all new home buyers- or people who have not owned a home in the past 3 years. $1305 a month times 6 months is only $7800.. still less than what they are giving you- simply for purchasing a house and increasing the economy.
Of course if you purchase a house for $80,000; with the current interest (4.75% for 30 years) your monthly payment (principal and interest) is $420. With $8000 that is enough money to cover payments for OVER 18 MONTHS!
I might as well be saying.. NO PAYMENTS FOR THE NEXT YEAR!
*(payments calculated on current interest rates of 4.75% for 30 years. Payments do not include taxes, which vary from city to city)
Friday, December 11, 2009
Monday, December 7, 2009
Dallas-Fort Worth preowned home sales skyrocket as homebuyers take advatnage of tax credit
The North Texas housing market came roaring back in NOVEMBER.
Pre-owned home sales rose by 31% last month from a year ago -- one of the biggest such increases on record.
And Median home sales price were up 5%.
The big jump in residential transactions came as large numbers of homebuyers rushed to take advantage of the federal home buying tax credit, which has been extended.
Real Estate agents in October sol almost 5, 500 preowned home through their MLS, according to statistices relesased MOnday by the NOrth Texasd Residential Information Systems and the Real Estate Center at TX A&M University.
November's robust sales activity is the latest in a string of recent indicatiors, which show the atht North Texas home mareket has bottomed out and is turning the corner.
November was the second consecutive month that Dallas-Fort Worth area home sales rose from the previous year -- ending more than a year of consecutive declines.
Sales in North Dallas neighborhoods rose 48%.
By Steve Brown...Dallas Morning NEWS
Pre-owned home sales rose by 31% last month from a year ago -- one of the biggest such increases on record.
And Median home sales price were up 5%.
The big jump in residential transactions came as large numbers of homebuyers rushed to take advantage of the federal home buying tax credit, which has been extended.
Real Estate agents in October sol almost 5, 500 preowned home through their MLS, according to statistices relesased MOnday by the NOrth Texasd Residential Information Systems and the Real Estate Center at TX A&M University.
November's robust sales activity is the latest in a string of recent indicatiors, which show the atht North Texas home mareket has bottomed out and is turning the corner.
November was the second consecutive month that Dallas-Fort Worth area home sales rose from the previous year -- ending more than a year of consecutive declines.
Sales in North Dallas neighborhoods rose 48%.
By Steve Brown...Dallas Morning NEWS
Monday, November 9, 2009
ITS OFFICIAL
Check out this website for all the UP to DATE Real Estate News...
Today we celebrate.. another great feat for not only our President, our country, but for the Real Estate Market. We will survive this market and the smart ones WILL take advantage of this FREE money!
Click the link below for all the details, but in summary all you need to know is...
CALL ME! lol
http://newsletter.rismedia.com/newsletters/preview/2032/59729/1038001
Today we celebrate.. another great feat for not only our President, our country, but for the Real Estate Market. We will survive this market and the smart ones WILL take advantage of this FREE money!
Click the link below for all the details, but in summary all you need to know is...
CALL ME! lol
http://newsletter.rismedia.com/newsletters/preview/2032/59729/1038001
Thursday, November 5, 2009
Senate votes to renew tax credit for first-time home buyers
The Senate voted Wednesday to renew the government's $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits.
For the first time, the tax credit program would also enable many homeowners who buy a new primary residence to receive a $6,500 refund.
The bill, which passed 98 to 0, should reach the House floor by Thursday, House Majority Leader Steny H. Hoyer (D-Md.) said in a statement. His office said the legislation would then go to the White House for the president's signature.
The Obama administration has previously supported extending the $8,000 tax credit, and without congressional action the program would end Nov. 30.
Under the bill, first-time home buyers would receive the $8,000 tax credit if they sign a contract by April 30 and close on it by June 30. The plan would also make those who buy a new primary residence eligible for the $6,500 credit if they owned their current home for at least five consecutive years in the previous eight years.
In the Senate's measure, taxpayers would be able to claim the credit on their 2009 income tax return for purchases made in 2010.
The Senate voted Wednesday to renew the government's $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits.
For the first time, the tax credit program would also enable many homeowners who buy a new primary residence to receive a $6,500 refund.
The bill, which passed 98 to 0, should reach the House floor by Thursday, House Majority Leader Steny H. Hoyer (D-Md.) said in a statement. His office said the legislation would then go to the White House for the president's signature.
The Obama administration has previously supported extending the $8,000 tax credit, and without congressional action the program would end Nov. 30.
Under the bill, first-time home buyers would receive the $8,000 tax credit if they sign a contract by April 30 and close on it by June 30. The plan would also make those who buy a new primary residence eligible for the $6,500 credit if they owned their current home for at least five consecutive years in the previous eight years.
In the Senate's measure, taxpayers would be able to claim the credit on their 2009 income tax return for purchases made in 2010.
Friday, October 23, 2009
DFW Economic housing markets amoung top in US
Biggest home price increases
Based on one-year change adjusted
for inflation:
Houston, TX .......................................4.9%
Wichita, KS......................................... 4.2%
DALLAS-FORTH WORTH...................3.8%
Buffalo, NY......................................... 3.7%
Pittsburgh, PA ....................................3.7%
Columbia, SC ......................................3.5%
Syracuse, NY.......................................3.4%
Baton Rouge, LA..................................3.3%
Rochester, NY..................................... 3.1%
San Antonio, TX...................................3.1%
source: Brookings Institution
BEST PERFORMING AREAS
1. Austin, TX
2. Baton Rouge, LA
3. Columbia, SC
4. DALLAS-FORTH
5. Des Moines, Iowa
6. El Paso, TX
7. Harrisburg, PA
8. Honolulu, HI
9. Houston, TX
10.Jackson, MI
Notice 4 out of the top 10 performing cities in the US are in TEXAS!
Based on one-year change adjusted
for inflation:
Houston, TX .......................................4.9%
Wichita, KS......................................... 4.2%
DALLAS-FORTH WORTH...................3.8%
Buffalo, NY......................................... 3.7%
Pittsburgh, PA ....................................3.7%
Columbia, SC ......................................3.5%
Syracuse, NY.......................................3.4%
Baton Rouge, LA..................................3.3%
Rochester, NY..................................... 3.1%
San Antonio, TX...................................3.1%
source: Brookings Institution
BEST PERFORMING AREAS
1. Austin, TX
2. Baton Rouge, LA
3. Columbia, SC
4. DALLAS-FORTH
5. Des Moines, Iowa
6. El Paso, TX
7. Harrisburg, PA
8. Honolulu, HI
9. Houston, TX
10.Jackson, MI
Notice 4 out of the top 10 performing cities in the US are in TEXAS!
Monday, September 28, 2009
The $8,000 First Time Homebuyers
The $8,000 First Time Homebuyers tax credit ends sooner than you think. It is published to expire "before December 1, 2009" which is technically correct. I think it's wise to plan to close on or before November 20, 2009 because that is the last Friday before the week of Thanksgiving which is historically a tough time to close because many in the real estate industry take vacation during that week. If you wait until after Thanksgiving you only have one day left.
Since it takes some time after the time needed for a pre-approval to get a contract fully executed, and then some time to actually close, NOW is the time to get your First Time Home Buyers pre-approved.
Since it takes some time after the time needed for a pre-approval to get a contract fully executed, and then some time to actually close, NOW is the time to get your First Time Home Buyers pre-approved.
Thursday, September 10, 2009
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