from RECON Real Estate Center Online News COLLEGE STATION (Real Estate Center) – Sales of existing single-family homes in Texas last month were down 12 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University. Just over 17,400 existing single-family homes… Continue reading EXISTING HOME SALES DOWN 12 PERCENT, TEXAS MLS DATA SHOW
The Texas Department of Housing and Community Affairs is offering $45 million to consumers through its first-time homebuyer program. “Despite all the negatives we hear from other states, the fact is that the Texas economy — and the demand for homeownership — both remain quite healthy,” said Michael Gerber, executive director of the state agency. “Many families… Continue reading $45 million up for grabs through State’s first-time homebuyer program
Treasury Inspector General for Tax Administration Approximately 1.8 million taxpayers claimed a total of almost $12.5 billion in First-Time Homebuyer Credits (Credit) in calendar year 2009. More than 950,000 taxpayers will be required to repay these credits because their homes were purchased in 2008. Many more may have to repay the credits if the homes… Continue reading A Comprehensive Strategy Is Being Developed to Identify Individuals With First-Time Homebuyer Credit Repayment Requirements
Beginning in August of 2010, the IRS plans to send out notices to taxpayers who claimed the first-time homebuyer credit and may be required to repay it. There is a repayment obligation if the home is sold or ceases to be used as a principal residence within three years of purchase. There is no documentation… Continue reading FIRST-TIME HOMEBUYER CREDIT REPAYMENT
This home is located in the outstanding Woodbridge community that has 5 pools, 4 parks, several ponds and play grounds, and 8.7 miles of hike and bike trails, weaving through the beautiful 18-hole Championship Golf Course which is home of the Northern Texas PGA. If you are looking for a clean and bright, ready… Continue reading Just Listed! 3/2/2 with home office AND bonus room!
TEXAS (Real Estate Center, Reuters, CNNMoney.com) – A total of 13,064 existing single-family homes were sold in Texas last month, a 2 percent drop from February 2009, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price was up 2 percent to $141,100 during the same period, and the state finished the month with… Continue reading TEXAS’ EXISTING HOME SALES DOWN, PRICES UP IN FEBRUARY
The Federal Reserve Board raised the discount rate charged to banks by a quarter point to 0.75 percent. This move is seen as the first sign in three years that rates may soon be on the rise for consumers looking to buy a home or refinance their current mortgage.Don’t wait for the signal to go… Continue reading Fed Raises Discount Rate
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA). Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit… Continue reading Those Who Wait Will Pay Thousands More This Spring
Eligible Borrowers: * Professional Educators: A full-time Texas classroom teacher, teachers aide, school librarian, school nurse, school counselor. Must be employed by an ISD. * Homes for Heroes: A full-time, paid fire fighter, peace officer, corrections officer, juvenile corrections officer, county jailer, EMS personnel or public security officer working in the state of Texas. *… Continue reading Teacher and public service program for 1st Time Buyers, or that haven’t owned a home in the past 3 years
“December’s drop is largest in more than 40 years” reads the headline. The headline and numbers are sometimes deceiving. Just because it was the highest drop doesn’t tell the whole story. The drop was so drastic BECAUSE the previous months’ were so high. The increase was in result of low interest rates, great pricing AND… Continue reading The sky is falling?! …don’t believe it.