For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit for First-Time Homebuyers (FTHBs)FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of ...
Well, 2009 is over.
What does that mean? For the Albuquerque residential real estate market, there are some very positive signs that we have hit bottom. There are some who are suggesting that there may be a “double bottom” but that remains to be seen.
The last five years.
Here are some numbers that might be encouraging. Let’s go back to ...
By Stephanie Armour, USA TODAY
The springtime spurt in home buying may hit before the snow melts this year as buyers scramble to meet an April 30 tax credit deadline.The spring buying season typically takes off in March and runs through May. But buyers who want to claim this year's tax credit — up to $8,000 for first-time buyers and up to $6,500 for repeat buyers — ...
Washington, December 22, 2009 from NAR
Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors®.
Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4 percent to a seasonally ...
Sales of single family detached homes in metro Albuquerque increased during October, defying the traditional seasonal slowdown. The 731 detached homes sold during October were an 11% increase over the 661 homes sold during September. October sales were up 43% from October 2008 and more than double the 324 homes sold in January, the period of slowest sales during the current cycle.
The October sales ...
Moving is work, no question about it. But some planning can reduce the hassle, say moving experts.
The moving process starts with preparing your home for sale. That’s because staging your home for prospective buyers involves the same first step as moving, namely getting rid of the junk. Clean out closets. Go through that seldom used spare bedroom, and the basement and attic if you have one. ...
Albuquerque’s annual Luminaria Tour will be Christmas Eve, Thursday, December 24. Tour buses leave from the Convention Center starting at 5:45 p.m. Tickets are $7.00 with children under five free. The tour covers the Country Club area and Barelas.
Early ticket purchase is available through several radio stations. See www.cabq.gov/transit/special-events/luminaria-tour for more information.
The Federal Housing Administration has a loan product that does two jobs, both providing your mortgage (or refinancing) and allowing qualifying home buyers to include up to an additional $35,000 in the mortgage. This addition to the mortgage provides funds for owners to improve or upgrade their home before moving in. The loan product is called the FHA Streamlined 203(k) loan.
This approach eliminates ...
Sales activity rises more than expected in October, by 10.1%, to 6.1 million annual units
NEW YORK (CNNMoney.com) -- Existing home sales surged in October to the highest level in more than 2-1/2 years, according to a real estate industry report issued Monday.
The National Association of Realtors reported that existing home sales rose 10.1% last month to a seasonally adjusted annual rate of 6.1 million ...
