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Helpful homebuyer tax credit video from NAHB

Dennis Norman

I have done several posts on the homebuyer tax credit and received and answered hundreds of questions about the tax credits on the various blogs I write for. There appears to be a lot of demand for the credits by homebuyers but also appears to be many questions. If you have questions [...]

Home buyer tax credit update

Dennis Norman

I have been talking a lot lately about the first-time home buyer tax credit of $8,000 that has stimulated some home buying but is set to expire on November 30th.  I have also shared the efforts by organizations such as the National Association of REALTORS,  The Mortgage Bankers Associaiton,The National Association of Home Builders [...]

Home Mortgages:The market,sub-prime,jumbos,the internet and more. First post in a series

Dennis Norman

By:Dennis Norman

It seems home mortgages are in the news daily lately:record-low interest rates,record-high foreclosure rates,the sub-prime mortgage mess,lack of jumbo loans and so on.  It’s confusing at best and causing much concern for many people wishing to buy a home or refinance their existing home mortgage.

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First-Time Home Buyers Tax Credit

Dennis Norman

By:Dennis Norman

Earlier this year Congress passed The American Recovery and Reinvestment Act of 2009.  One of the items contained within the 407 page Act that has been getting a lot of attention is an $8,000 tax credit for first-time home buyers.

 

For buyers that qualify I think this,coupled with housing affordability,[...]

Congress could help over 500,000 people buy homes

By:Dennis Norman

According to the National Association of REALTORS(R) if a tax credit is made available to all home buyers and that credit need not be repaid then this could result in an additional 555,000 home sales. 

This echos my post of two days ago titled “Fix Housing First”with regard to the importance [...]

Housing Affordability….the silver lining?

By:Dennis Norman

Today the National Association of Home Builders released their most recent Housing Opportunity Index (HOI) which showed that an increasing number of potential homebuyers in the US can afford to buy a home.  As a result of decreasing prices and attractive interest rates (two of the factors the index takes into account) [...]