Thursday, October 29, 2009
According to Melanie Hobson on Good Morning America, it appears the economy is improving. Although new home starts were down, existing homes are up and that's a very good sign for our area. Mortgage rates are still low, 5% for a 30-yr fixed is fantastic. Talk is, in addition to the possible extension of the first time homebuyer credit, the Senate is also considering one for repeat buyers as well in the amount of $6500. If you consider the lowest home prices in years, coupled with the low interest rate AND a credit, that is an excellent incentive for buyers to get out there and SHOP. The IRS said 1.4 million taxpayers had already taken advantage of the first-time homebuyer's credit so far. Don't let this opportunity pass you by! To see the GMA interview http://abcnews.go.com/Video/playerIndex?id=8944659
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