Tuesday, December 22, 2009

Tax Credit

Merry Christmas and Happy New Year to all,
This is such a wonderful time of year. This is the time to let go of the old and welcome the new and to count our blessings. We need to surround ourselves with friends and family and celebrate the people in our lives, even in this time of stress and uncertainty.
Have a Very Merry and Blessed New Year.
I hope the information below is useful to you.

Move-Down Buyers Can Be Eligible For Tax Credit Too - Move up, move down, move sideways; it just doesn't matter - buyers may still qualify for the new tax credit available to current homeowners. It is unfortunate that the credit has too often been characterized as a credit for "move-up" homeowners. We need to get the word out that the credit is equally available to homeowners who are moving down, cost-wise. The move-down homebuyer is not an unusual phenomenon. For years, retirees have been known to move from a larger home to one that is smaller and often less expensive. Moreover, it is reasonable to think that current economic conditions may lead to even more move-down buyers. The same requirements for the tax credit apply to both move-down and move-up buyers.

Additional articles that you may find of interest:

Nation's home resales surge to highest level in nearly 3 years

November home sales soar 7.4%; median price $172,600 (nationwide)

Mortgages Becoming Easier to Obtain

New RESPA Rules Start Jan. 1

12 Tech Predictions for 2010

Real Estate Outlook: Economic Forecasting

Lower payments = fewer redefaults

Renovating doesn't pay off like it used to