There has Never Been a Better Time to Buy a New Home
Or at least this what Bowen Family Homes believes, and, of course, they really do have sufficient supporting evidence to be able to make such a bold claim. Everyone in the Atlanta real estate industry is well aware that President Bush signed the Housing Stimulus Bill into law at the end of July to help stimulate the economy and the housing market. The Housing and Economic Recovery Act of 2008, provides a $7,500 tax credit for qualified first-time home buyers and home buyers who have not owned a home in the last three years, which is incentive enough to go ahead and stop hesitating and purchase your new Atlanta home. The tax credit is old news, I know that, but where Bowen Family Homes stands out is that, in addition to this credit, giving even more reason to buy now, they are offering to pay down payments and closing costs. (Continued…)
Potential First Time Buyers Flock to Tax Credit Web Site
The newly launched Web site, www.federalhousingtaxcredit.com, has attracted more than 100,000 visitors, indicating that there is a strong interest among consumers to take advantage of a temporary $7,500 tax credit for the purchase of a first home, according to the National Association of Home Builders (NAHB).
“The initial response is encouraging,” said NAHB President Sandy Dunn, a home builder from Point Pleasant, W.Va. “This could be the trigger that helps move prospective first-time buyers off the fence and back into the market. But it won’t last forever.”
The tax credit is among several provisions included in landmark housing legislation enacted into law last month that will help get housing and the economy back on their feet.
The Web site contains useful information on how the tax credit works, including eligibility requirements. To date, the site has attracted 116,000 unique visitors, or about 10,000 per day. It includes details and questions and answers on how home buyers can use the credit and is (Continued…)
Down Payment Assistance Programs End September 30
While the Housing and Economic Recovery Act of 2008 brings quite a few positive aspects to help out the real estate industry, it does eliminate the down payment assistance programs that have helped so many individuals turn their dreams of homeownership into reality. So, if you want to take advantage of the housing tax credit AND need to utilize down payment assistance, be sure to purchase your house before the end of September. Currently there are several charitable down payment assistance programs that help potential home buyers, including the Nehemiah Program in Georgia. The Nehemiah Program has given over $187 million dollars to help Georgian’s go from potential home buyers to homeowners.
McCar Homes wants to help anyone become a homeowner that has the desire, and so they offer easy closing processes which will help expedite the closing date, and give potential home buyers the opportunity to take advantage of programs like the Nehemiah Program before it is too late. Potential homebuyers will find everything they want and need at a McCar Homes’ community. (Continued…)
Successful Housing Market on the Horizon
Well, that might be a pretty bold title, but it is definitely a possibility that the worst of the real estate slump is behind us and that we have nothing but increasing home sales numbers ahead of us. CNNMoney.com is reporting that the number of home sales in June 2008 rose 5.3% from May, and that these are the highest numbers we’ve seen since October 2007. I know you must be thinking “real estate is local, not national,” and that is a good thought! If that is what you are thinking, then you have definitely learned a thing or two about the real estate industry from AtlantaRealEstateForum. However, in this instance the positive real estate news is completely across the nation, especially in Atlanta, as the greatest increase in numbers was seen in the Southeast - 9.3%. So, with the market picking up in every region, and the addition of the housing tax credit, it appears as if the dark days of the housing market could be behind us and we’ll continue to see homes sales increase (Continued…)
Build Your College Student’s Credit with a Home Loan
It’s that time of the year again, when parents are preparing to send their children away to college for the first time (or second time or third time). While attending orientation, registering for classes and purchasing books are all necessary strategies to prepare your young adult for college, this also needs to be the time your prepare your young adult for life. Many parents struggle to find effective ways to build credit for their 18-year-old and start by applying for credit cards with 25% APR and only a $500 limit. While, this is definitely a starting off point for your college student’s credit life, one of the most effective and sound investments to build credit for a college student is through the FHA loan program.
Also known as the “Kiddie Condo Loans,” the FHA loan program has become a popular trend among savvy college parents. With the parent’s help, a college student can qualify for a home loan with as little as $500. (Continued…)
