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.
Tag Archive: Tax Credit
Florida Mortgage Update: March Pending Home Sales Point To Stronger Spring Market
Today’s Florida 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 Florida home may have been in February.
New Homes Sales Were Strong in March, But Not As Strong As The News Would Have You Believe
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.
Housing Starts Data Hints That Housing Will Expand Even After The Tax Credit Expires
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.
Don’t Schedule Your Lakeland Mortgage Closing For May 28, 2010
If you’re under contract for a Lakeland home and plan to close in May, consider a Lakeland mortgage closing date other than Friday May 28, 2010.
It’s Time To Re-Approve Your Lakeland Mortgage Pre-Approval
If your Lakeland mortgage 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.
Lakeland Mortgage Update: Only 30 Days Left for the Federal Home Buyer Tax Credit
Lakeland Mortgage – There’s just 30 days remaining for first-time home buyers to use the federal home buyer tax credit.
Existing Home Sales Flatten And Point To A Much Better Spring
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. But it may not last long.
Single-Family Housing Starts Hold Steady For The 8th Straight Month
Single-family Housing Starts idled last month, dropping just 3,000 units from the month prior, or 0.2%. According to the Commerce Department’s report, February marked the 8th straight month in which Housing Starts straddled the half-million marker, dating back to June 2009.
7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits
In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of “move-up” buyers — homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There’s now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.
