First-Time Homebuyer Credit

Overview

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:

• Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
• Applies only to homes used as a taxpayer's principal residence.
• Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
• Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

CALL US TO ASSIST WITH ANY ASPECT OF PURCHASE & APPLYING FOR THE CREDIT - THERE IS NO CHARGE for us to complete the IRS filing after we assist you in your first time home purchase.

http://www.irs.gov/pub/newsroom/marketing/print/p_4771_final09_home_flyer.pdf

STATISTICS: Now offered in out LINKS area

Statistics

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Useful week to week and year to year stats on listings/sales/& % increases and decreases.

Yes, the Housing Market Has Rarely Looked Better

SMARTMONEY.COM..In short, the data suggest that real-estate prices hit a bottom some time during the second quarter, and have now begun to rise............the National Association of Realtors reported that sales volume of existing homes was up 7.2% in July from June..........For every hardship story, and no doubt there are many, others are realizing their dreams of home ownership and getting what may well turn out to be the deals of their lives.