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Week of 11/09/09 MMG Week in Review

9 November 2009

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     While President Obama signed into law the extension on the First Time Homebuyer Tax Credit, the Unemployment numbers came in higher than expected. A whooping 10.2% compared to the expected number of 9.8%. We did have some good news…Home Sales were up, most likely due to the First Time Homebuyer Tax Credit.      This week [...]

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First Time Homebuyers Tax Credit Extended and More

6 November 2009

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      The First Time Homebuyers Tax Credit has been passed and signed into law today. Some of the guidelines have changed.       Here are the top changes: First Time Homebuyers have until April 30, 2010 to be in a signed purchased and sale agreement and close by June 30, 2010. Income for single buyers goes from [...]

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First Time Home Buyers Tax Credit

5 November 2009

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      Just a short update in that the Senate passed the bill that has the extension for the First Time Home Buyers Tax Credit. Today, the bill will go to the House where it is reported that it will also pass. From there, the bill will be sent on to President Obama for his signature.       The extension of [...]

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Are you one of the new 1.3 million homeowners who have claimed the $8000 Tax Credit?

31 October 2009

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     If not, what are you waiting for? It can take a week to several months to find a home plus housing inventories are shrinking.        The extension of the First Time Home Buyers Tax Credit is being attached to the bill that would extend unemployment benefits. At present, it seems that the Senate and House [...]

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