Archive for the ‘News’ Category

The IRS has produced a series of videos that may help this years tax payers a bigger payback come April 15. The videos are featured on YouTube and cover new and little known tax deductions centered around the departments Recovery Acts, such as Making Work Pay, Vehicle Tax Deduction, and the New HomeBuyer Credit. Head over to the IRS's YouTube channel ... Full story

Do you have questions when the home buyer credit? Do you want to get the skinny on the best ways to take advantage of year end tax breaks? Well get your questions ready, because the Baltimore Sun has locked down Jim Dupree of the IRS to answer all of your burning questions regarding the first-time home buyer credit, its recent expansion, and any other ... Full story

Are First-Time home buyers Thom and Karen ready for home ownership? Full story

Ilyce Glink , who writes a Home Equity Blog on CBS MoneyWatch, gets an email from a potential home buyer in the state of California - Los Angeles specifically. This is a region with historically high wages relative to the rest of the country as well as high real estate prices along the same lines.  The letter writers' name is Amy. Because of her income in ... Full story

...and the children shall lead them - to buy homes. CBS news reports in a slightly different story around extending the home buyer credit to include not just first-time home buyers but also move-up buyers. In this piece, reporter John Donovan observed Bella Segal, a seven-year-old girl who has set up a lemonade stand in hopes of helping her parents sell their home. She ... Full story

Mortgage Banker Association (MBA) chairman David Little says extend, and expand home buyer credit In an Op Ed. article in the USA Today, Little suggests that lenders will be overwhelmed by the rush of borrowers intent on closing on their home purchases before credit expires. Little states in his letter, "Congress needs to act quickly in order to avoid a rush of borrowers overwhelming lenders ... Full story

Richard Smith CEO of Realogy and owner of such big name brands like Century 21, Coldwell Banker, and  Better Homes and Garden Realty appeared on FOX news recently. He suggests that the first-time home buyer is just the first phase of turning the housing market. The next phase says Smith is extending the credit to first-time home buyers, and now include the move up market. Real ... Full story

It seems that when you've got an opportunity to receive significant monetary assistance towards the purchase of buying our first homes, the existence of others trying to cheat the system for ill gotten gain rears its ugly head as well. The Washington Post and Tulsa World news sites have both reported on instances where some type of tomfoolery has been attempted to get one ... Full story

Yes it's true. According to the National Association of Realtors, the last day to take advantage of receiving a check for up to $8,000 for buying a home as a first-time homebuyer (barring any rumored extensions) is November 30th , 2009. I know what your thinking "I thought it was December 1st?" Technically the language is, before December 1st. So to be ... Full story

Chicago real estate agency 'Starting Point Realty', which works exclusively with First Time Home Buyers, recently put out a release relaying a couples' journey towards purchasing a multi-unit property as their first home. The release also chronicles the rise and fall of multi-unit sales by investors who did not actually live in the property (Non-Owner Occupied), and the increase of inventory of these types of properties. ... Full story