$8,000 First Time Home Buyer Tax Credit at a Glance

Thursday, August 6th, 2009

· A first time home buyer is defined as someone who has not owned a principal residence during the three-year period prior to the purchase. · The tax credit does not have to repaid. · The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8000 · Home […]

‘Error’ will delay property tax rates

Saturday, August 1st, 2009

See my blog post for my personal experience on fighting my property taxes at TCAD. *** More than 15 percent still protestingrates AUSTIN (KXAN) – Due to a “clerical error,” more than 140 jurisdictions in Travis County will have some major headaches, and possibly some upset taxpayers, as they must now wait to set their […]

Federal Reserve says housing market is improving

Friday, July 31st, 2009

While residential real estate remains weak overall, many local markets are showing signs of improvement, according to the Federal Reserve’s Commentary on Current Economic Conditions, also known as the Beige Book. Sales volume is up, especially in the Fed’s Minneapolis and San Francisco districts, and with the exception of the St. Louis district, sales declines […]

Healthiest Housing Markets in the Country

Thursday, July 30th, 2009

With most economists and builders expecting a national market decline this year, this may not seem like the best time to be selecting the “healthiest” markets in the country. Virtually every market was down last year. But a close look at the numbers reveals that some markets have way outperformed others during the last four […]

Fed moves to curb housing abuses

Monday, July 27th, 2009

The U.S. central bank recommends new rules to limit compensation for mortgage brokers and clarify risks for borrowers. July 23, 2009: 11:36 AM ET WASHINGTON (Reuters) — The Federal Reserve Board Thursday recommended new disclosure rules for homeowners and compensation guidelines for mortgage brokers to correct some abuses of the recent runaway housing market. Prospective […]

Nation’s Home Sales Seeing Increase

Thursday, July 23rd, 2009

Existing-Home Sales Up Again Washington, July 23, 2009 Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 3.6 percent to a seasonally adjusted annual rate1 of 4.89 […]

Which cities will and won’t recover fastest — Austin at the top, AGAIN!

Wednesday, July 22nd, 2009

WASHINGTON – The three most important things in real estate: location, location, location. It’s true for recovery from a real estate bubble too. Overall, many economists expect the national economy to return to growth later in 2009, perhaps as soon as this summer. But that won’t be the case everywhere. While some cities are poised […]

Pending Home Sales Record Fourth Straight Monthly Gain

Monday, July 13th, 2009

Washington, July 01, 2009 Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®. The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 […]