Gone are the days of markets laden with low-price foreclosures and tax incentive programs for first-time buyers. Our regional real estate market has gotten more competitive over the last decade, and buyers at many price points must be ready to make an offer on a home as soon as they find their perfect fit. The […]
So, you estimate that your rent payment is about the same as a mortgage payment. When you get a leaky toilet, all you have to do is call the landlord. Your apartment complex has a pool, and you haven’t touched a lawnmower in years. That sounds like a pretty sweet deal. So, why not just […]
Ever since health care reform was enacted into law more than two years ago, rumors have been circulating that the law contains a 3.8% tax on real estate. The tax on investment income was created as part of the Affordable Care Act. Top 10 Things You Need to Know About the 3.8% Tax (NAR) When you add […]
Neal Hanks, President The media reports have not been friendly to the real estate industry these last few months with numerous articles about an industry struggling to gain momentum. Particular emphasis has been placed on sales as compared to the prior year. As those of us in the industry know, this is an inaccurate comparison […]
RISMEDIA, November 24, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the November 2010 edition of the Obama Administration’s Housing Scorecard (http://www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low mortgage interest […]
We have great news to share about Western North Carolina Real Estate. The number of homes sold in January 2010 was up 18% over January 2009, with many counties experiencing greater overall growth. Asheville Homes for Sale experienced a 26% increase while Hendersonville Homes for Sale showed a 28% increase over the same time last […]
It’s official: President Obama has signed a bill that extends the tax credit for first-time home buyers into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up […]
From Stephen Ohlemacher :: Associated Press Buying a home is about to get cheaper for a whole new crop of home buyers—$6,500 cheaper. First-time home buyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire […]
There is still time for you to take advantage of the government’s $8,000 tax credit for first-time home buyers, but you need to act now. The deadline to receive the tax credit is December 1, 2009, which means that closings must take place by that date. Looking backwards, this means that offers to purchase and […]
You’ve already filed your 2008 tax returns and maybe you’ve already received your refund. That means it’s too late to obtain the $8,000 tax credit for first-time home buyers enacted by President Obama’s Stimulus Plan, right? Wrong. The great thing about this tax credit is that you can still get the cash this year, even […]
tax credit Archives – Allen Tate/Beverly-Hanks Real Estate Blog
