February 2009

Found 4 blog entries for February 2009.

OBAMA STIMULUS PLAN

 

First time home buyers who purchase a home before 12/1/2009 will receive tax credit of up to 8K. To qualify as a first time home buyer, the purchaser and the purchaser's spouse may not have owned a home for 3 years prior to the current purchase and it must be a primary home. The amount for the credit is the lesser of 10% of the purchase price or 8K. The tax credit does not need to be re-paid unless the home is sold within 3 years of purchase and then the full credit would be due.

 

For more info, please visit www.realtor.org or give me a call!

 

Diversification in our job opportunities is also very positive with the growth of companies such as Crispin Porter, Conoco Phillips, Vestas Wind Systems, Schwab, Creative…
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The final jury is not in until Obama signs the Stimulus plan but it appears the $15,000 Credit has been trimmed to amendment in the economic stimulus package that was sponsored by Sen. Johnny Isakson. The new revision is an $8,000 credit for first time home buyers. This is still great news.  I can see first time homebuyers using this tax incentive in many ways:

 

1.  First many first time Buyers in essence can use the incentive to pay their mortgage first their year or two in the property.

 

2.  The incentive could be applied to points and pay down the already attractive interest rates to even lower rates.  Can you say rates possibly in the 4% range with $8,000 to apply towards the loan it may be possible.

 

 3.  With today's markets at an all time

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February/2009 

         Real estate market activity across the Northern Colorado and metro Denver market area continues to limp along waiting for the Federal government to throw a lifeline to the national housing market. 

         During the presidential campaign, Barack Obama said:  “You can put lipstick on a pig, but it’s still a pig.”  This “bail-out plan” conceived by two disparate political parties has that same feeling.  Housing markets don’t magically change the path they are on my slapping some lipstick on them.  They are slow moving entities composed of numerous elements i.e. mortgage lenders, appraisers, inspectors, etc.  Not to forget the two key elements of any housing market are buyers and sellers.  What has been missing from the market

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Hey everyone we just wanted to let you know we have succesfully worked with the MLS to provide higher resolution photos for all of our searches.  When you get a chance be sure to log on and let us know what you think.  We are also considering adding Sold Data from the MLS.  Please let us know if this would be of value in the future and the tools you would like to see.
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