What Impact Will Homebuyer Tax Credit Extension Have on Housing Industry?

November 4, 2009—(MCT)—Congress is a step closer to extending the $8,000 first-time homebuyer tax credit and offering a new credit to other types of buyers, but some analysts are downplaying the controversial stimulus’ effect on the housing market.
In a recent interview, Fox-Pitt Kelton analyst Robert Stevenson said the Senate’s proposal for extending the $8,000 tax credit [...]

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The Possible Impact and Real Cost of Extending the First–Time Homebuyer Tax Credit

A recent survey conducted by Zillow in conjunction with Harris Interactive asked prospective first-time homebuyers how an extension of the $8,000 tax credit would influence their decision to buy a home next year. If the credit were extended, of those who intend to buy a home, 18% called the credit the “primary influence” in their [...]

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ALERT: 1st Time Buyer Tax Credit Ends December 1, 2009

$8,000 Home Buyer Tax Credit at a Glance
The information on this page pertains to the American Recovery and Reinvestment Act of 2009.

The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year [...]

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Fed Extends MBS Purchase Program

Favorable news from the Fed, weaker than expected economic data, and strong demand for a record $112 billion in Treasury auctions helped mortgage markets this week. While the daily [...]

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Pending Home Sales on a Roll, Up for Sixth Straight Month

September 2, 2009—Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2% to 97.6 from a reading [...]

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Why YOU Need a Realtor.

As you consider selling your home, you might be thinking “Why do I need a Realtor, what value does a Sellers Agent bring to the table?” There are five areas where a licensed Realtor can help you in your homes sale:
1.  SETTING THE PRICE
Pricing your home is a careful balance. Set the price too low [...]

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HUD Secretary Shaun Donovan Announces New FHA-Making Home Affordable Loan Modification Guidelines

U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced the Federal Housing Administration (FHA) has implemented changes to its loan modification program to ensure consistency with the Obama Administration’s Home Affordable Modification Program. By August 15, FHA borrowers will be able to significantly reduce their monthly mortgage payments by seeking a loan modification through [...]

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Great Conditions for Home Buyers

Take a moment to consider these facts: *There are currently 3.75 million homes for sale. Inventories in recent months have been at record levels, offering consumers the greatest choice in decades. *However, inventory levels are falling, and the selection of homes will be come limited once again. *Interest rates haven’t been this low for nearly 40 [...]

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Torn Between Two Houses?

As you find yourself heavily immersed in the house-hunting mode, you may encounter a situation in which you’re torn between two houses. Perhaps you and your spouse each have a favorite, or perhaps you both like two houses equally – or think you do.
Making a final decision and determining which house to make an offer [...]

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ERA Bay State Welcomes New Associate

ERA BAY STATE REALTY is pleased to announce that KARI ANN MESZAROS has joined our team in the Millis office.  She serves consumers in the Metrowest area.
A resident of Holliston until moving to Medway in 2001, she has excellent working knowledge of the surrounding towns and school systems.  Kari is a graduate from Framingham State College with a degree in [...]

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