$8K Homebuyer Tax Credit Fuels Real Estate

16 February 2010

Savvy home buyers are cashing in on the new and improved homebuyer tax credit worth up to $8,000 for First Time Home Buyers. A $6,500 tax credit is available to qualified existing Home Sellers who are purchasing a new home. This tax incentive is fueling the Real Estate Recovery which is great for the entire economy. Get more detail on your qualifications at the Internal Revenue Service (IRS),.

16 February 2010 @ 16:53| Charley Farley

Comments (0)

Cash Assistance Program

2 February 2010

New Hampshire Housing Cash Assistance Program is being revised. It provides for 2% of the purchase price toward your Down Payment, Closing Costs, or Prepaid Expenses. You’ll need to meet the requirements for the program including the income limits, Purchase price limits, and you must contribute 1% of your own funds to the transaction. If you think the Cash Assistance Program can help you purchase a home, call me to discuss your qualification and other financing strategies at 472-2272.

2 February 2010 @ 15:42| Charley Farley

Comments (0)

FED keeps interest rates low

29 January 2010

The Federal Open Market Committee announced this week that it is not going to raise the FED or Discount Rate. Yippee!

Rates are still near record lows and entry level homes here in New Hampshire continue to sell at a health rate. It’s good to be a First Time Home Buyer: low interest rates, affordable home prices and maybe an $8,000 tax credit.

The FED believes “the economy is strengthening and the deterioration in the labor market is abating”. I think this means people are still losing their jobs but the rate of job loss is not as great. Emm… so the news is still bad but not as bad as it has been? Thankfully the employment news here in New Hampshire is much rosier than the national averages.

29 January 2010 @ 14:27| Charley Farley

Comments (0)