It's a Buyer's Market!

Uh, not necessarily. I work with a lot of first time buyers. This year seems to be particularly busy because some markets in our area are experiencing depressed pricing compared to recent years and people are trying to take advantage of the $8,000 government tax credit. If people have stable employment and are mentally, financially, and emotionally ready, this is turning out to be a good year for them to buy. The issue becomes that

$8,000 First Time Buyer Tax Credit Change

In keeping up with the latest news, there was been a significant change in one of the current Administration’s tax credit programs. Yesterday, the Secretary of HUD announced that FHA is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment when obtaining a government insured mortgage. This is a change in the way that the program had been setup when it arrived as part of

My Thoughts on the 2009 Homebuyer Credit

This was quite a busy week with all of the news coming out of Washington. I finally have some time to sit down and write, so here are my thoughts on one of the recent happenings… I work with a lot of first time homebuyers, so the $8,000 credit was of particular interest to me. First time buyers (and those that don’t currently own who haven’t purchased a home in the past 3 years) will