8 Tips to Take Advantage of the Homebuyer Tax Credt Before Time Runs Out.

The deadline for Homebuyers grants is fast approaching and there are just about 30 days left. Here are some good tips to remember when considering the grants and their impact on your home purchace or selling decision. I have had lots of people calling to ask questions about the program and how it affects them. Do you have questions?

Interest Rates Expected to Stay Low

A recent Washington Post article quoted Fed Chairman Ben Bernanke as saying "the federal funds rate is likely to remain exceptionally low for an extended period." He has said the same thing in every statement for the last 14 months. That is about as clear a signal as possible about where Ben stands on long term interest rates. Rates will continue low until things change and at some point things will change, for the better. At this time, however, it looks to me that the Fed Chairman is saying out economy hasn't yet recovered enough to allow interest rates to push higher. We have a ways to go before our economy swings into more positive territory. We are seeing some tentative early swings, but at the present we are still struggling a little. When change comes, it will come quick and interest rates will adjust quickly as well. I blogged recently abou the Four Windows of Opportunity. This window of opportunity - low interest rates is still open. For now.

If you know of anyone interested in locking in a low interest rate on a new home purchase, give me a call.

First Time Home Buyer Credit--How Do I Get My Money From the IRS?

I came across this information which is really helpful as you apply for the First Time Home Buyer Credit. It's a little wordy (isn't everything at the IRS?) but very accurate and I guess that's what counts when it comes to your taxes. Anyway, take a quick look as it may answer some of your questions about this important grant. I'm seeing lots of first-time buyers starting to zero in on this credit. Move-up buyers purchaing a new principal residence and qualifying for the $6,500 grant are taking advantage as well.

Who is the next person you know that would like $8,000 or $6,500 for their next home purchase?

Home Prices Gain for Seventh Straight Month

It seems like our housing market is doing the slow but sure bumpy recovery thing, but here is a report that shows we are starting to make some headway. This index is up more than 3% since last May but is still below its May 2006 peak. Reports like this will continue to jump around a lot but the overall trend will be upwards, especially if we continue to see evidence that our economy is improving.