At the beginning of 2010, for a majority of the reporting regions, sales activities were down, however, sales uniformly picked up in the second, third and fourth months.
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At the beginning of 2010, for a majority of the reporting regions, sales activities were down, however, sales uniformly picked up in the second, third and fourth months.
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It is virtually certain that tax credits have no long-term impact on the market, however, the objective is to support the housing market and real estate industry in the short-term. Endorsing a short-term subsidy is one thing; observing a lasting effect is quite another.
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PHFA is accepting reservations for the remaining money up until May 15 or until the money runs out, said Kate Newton, PHFA director of Homeownership Programs.
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Immediately following the expiration of this government initiative, home sellers participating in the Coldwell Banker Buyer Bonus Sales Event will offer a credit of three percent (up to $8,000), when part of an accepted offer, of their home’s purchase price to buyers who sign a contract between May 1 and July 31, 2010.
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Coldwell Banker Real Estate is seeing an influx of single, first-time homebuyers taking advantage of more affordable home prices, larger inventory, low interest rates and federal tax incentives.
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The survey of 1,000 homeowners showed that 83 percent said that if they were to purchase a home and qualify for the tax credit, they would engage in “smart spending” -- or put the money toward existing debts, home improvements, savings/investments or household expenses.
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Homebuyers in the Commonwealth will benefit from more than $1.2 billion being made available through the PA Housing Finance Agency (PHFA), according to Gov. Ed Rendell. He announced at a press conference Tuesday that Pennsylvania is “fighting back” against the effects of Wall Street greed by helping homebuyers with low-interest, fixed-rate mortgages offered through...
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The PA Housing Finance Agency announced that it has allocated another $5 million to fund the TCA program, following the federal government’s extension and expansion of the homebuyer’s tax credit, said Kate Newton, PHFA director of Homeownership Programs.
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November 30th is Monday after Thanksgiving weekend. Are you willing to schedule closing for the 30th if a delay could cost your buyer $8,000?
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Tuesday, Feb. 7, 2012
