Feb 6
Large tax credit possible for all home buyers get Senate approval
Entries for month: February 2009
Feb 5
Media sources seem to focus on the negative regarding real estate. Let’s set the record straight. Plenty of mortgage money is available to finance residential and commercial properties if you have favorable credit scores. USDA backed loans provide 100% financing in parts of our market area. Interest rates are at historic lows. First time buyers can get up to a $7,500 tax credit. Now is a great time to buy or sell real estate. We are witnessing an uptick in listings, pending sales, and closings compared to late 2008. There is plenty of pent-up demand for real estate. Although the pace of real estate transactions nationally has slowed, there is still a very active market locally. Here are some interesting statistics from 2008 provided by the National Association of Realtors:· 41% of home buyers were first time buyers-the age of typical first time buyers is 30· The average size of homes purchased is 1,825 square feet· 81% of buyers purchased homes through a real estate agent or broker· 87% of all buyers used the internet in searching for their homesJohn Mitchell, Realtor
7-1-2009
6-30-2009
6-29-2009
6-2-2009
2-6-2009