Tax Credit

Built on Jenga Blocks, Home Prices Look Shaky

February 2, 2010

The Homebuyers’ Tax Credit, in many ways, has done exactly what it was suppose to do – stimulate the economy. Notice I didn’t say increase home ownership. The tax credit was never really about buyers. It was about keeping home values stable so the housing sector would not have another wave of foreclosures that would [...]

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What Happens When the Fed Exits the Market?

January 26, 2010

The Fed is scheduled to exit the housing market this spring. The Home Buyer Tax Credit ends on April 30, 2010 (the date the house must be in contract). The Fed has already announced that their program purchasing mortgage-backed securities will expire on March 31, 2010. Most anticipate a quick and dramatic rise in interest [...]

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How Interest Rates Affect Your Mortgage Payment

January 14, 2010

Yesterday, I posted on the fact that my son is in the process of buying a home. I gave my reasons for agreeing with his decision. However, some have questioned whether purchasing real estate at this time makes sense. Let me give more support to the point that this is the best time to buy [...]

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Why My Son Bought a House TODAY

January 13, 2010

My son received word today that the sellers of the house he loved accepted his purchase offer. Our whole family is very excited. Not just because he is taking the first step toward home ownership, but instead, because he is purchasing a home at the best time to buy residential property in American real estate [...]

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One more time: IT’S ABOUT SUPPLY AND DEMAND!

January 5, 2010

Coming into 2010, there are many people trying to decipher all the data that is being reported regarding the housing industry. The main goal is to try and bring clarity to a market that has been clouded with confusion for the last two years. We must prevent ourselves from looking for a simple solution that will justify [...]

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Real Estate 2010: New Year, Less Fear

December 31, 2009

“Fear always springs from ignorance.” -Ralph Waldo Emerson Unlike last year, we are better prepared for the challenges ahead of us. Knowing how the market is moving will help us in the decisions we make. Here are a few things to consider when making your move into the New Year: Mortgaging Interest Rates – Rates remained [...]

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