Tag Archives: Tax Credit

Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 06. Aug, 2010 by Sherry Chris.

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President Obama, born August 4, 1961, celebrated his 49th birthday this week.  The same year the President was born, the lobby group National Committee against Discrimination in Housing (NCDH) released a report which found that private mortgage lenders continued to “profit from Federal benefits, chartering and insurance” yet still “deny loans on the basis of [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 02. Jul, 2010 by Sherry Chris.

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As Hurricane Alex swirled around the Gulf producing ten-foot waves and 25 mph winds, 180,000 homebuyers got a lifebuoy that will save them from what could have been a perfect storm of their own.  These homebuyers, who signed a purchase agreement by April 30, were likely going to miss the June 30th deadline to complete [...]

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Tax Credit Extension or Not

Tax Credit Extension or Not

Posted on 28. Jun, 2010 by Wendy Forsythe.

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We prospect diligently to find qualified buyers. We work with them tireless to find the perfect home. We negotiate expertly on their behalf to get an accepted offer. But then the real work begins these days. As we try to hold it all together and actually get to a successful closing. NAR estimates that as [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 25. Jun, 2010 by Sherry Chris.

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Even with a whirlwind of news this week – from General McChrystal’s departure to the longest tennis match in the history of Wimbledon – real estate remained a major focus. Sales of new single-family homes were down 32.7 percent to a record low. Sales of previously owned homes, although up 19.2 year over year, fell 2.2 percent. Rounding it out, mortgage applications dropped to their lowest level since 1997. All of these [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 11. Jun, 2010 by Sherry Chris.

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On the foreclosure front this week, the pace of prime borrowers succumbing to foreclosure is accelerating with unemployment being the major driver. The good news, though, is that foreclosures in general leveled off in May, with numbers nearly flat from a year ago. This fluctuation and changes in the market lately have accounted for a [...]

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Got Attitude?

Got Attitude?

Posted on 08. Jun, 2010 by Rick Gregory.

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Economic forecasts are an interesting thing to consider.  Exactly 3 weeks ago, I read several forecasts that stated that the market was indeed recovering and that the total annualized home sales volume was going to exceed approximately 5.7 million units.  Today, I’ve read that May was down 25 – 30% in some markets and that, [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 04. Jun, 2010 by Sherry Chris.

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The government has played a large role in housing recovery. This week, the real-estate lobby asked Congress to extend the amount of time that potential home buyers have to complete transactions that qualify for tax credit (but, just in case this does not go through, look at these tips for hurrying the process along). Also, [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 21. May, 2010 by Sherry Chris.

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This week, we are starting to see the first inklings of what a post-tax credit real estate market looks like. Numbers out this week show that mortgage rates fell to the lowest level in months, mortgage applications fell to the lowest level in 13 years and new building permits were down 11.5 percent. But, there [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 07. May, 2010 by Sherry Chris.

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Of course, last Friday was the long anticipated deadline of the home buyer tax credits. While it did cause last minute deals to hurry in and reportedly boosted monthly sales 5.3 percent in March, the results were far less significant than many anticipated. We think this is good news, as it shows the tax credit [...]

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Next Step!

Next Step!

Posted on 05. May, 2010 by Rick Gregory.

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Last week, the tax credit expired. Is that good or is that bad? California has made their decision to state-fund their version of a tax credit in an attempt to continue to drive their housing market – but what about everyone else?

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 30. Apr, 2010 by Sherry Chris.

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As expected, the end of the tax credit this week has the industry and consumers abuzz. Last month, the April 30th deadline increased sales of newly built single-family homes a whopping 26.9 percent and sales of existing homes surged 6.8 percent. Overall, the tax credit has helped 1.8 million people buy homes. Wow! Yet some [...]

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