The Latest News for 1st Time Homebuyers & More
If you have not heard by now, President Obama has signed legislation extending the first time homeowner tax credit. You must have a property under contract by April 30th and it must close by July 30th of 2010. The income restrictions have been raised to $125,00 if you are single and $250,000 if you are [...]
Getting Ready for Thankgiving
Let’s face it, it has been a wild year! Last year at this time no one knew what was going to happen as we had just been told that our country was on the brink of a financial meltdown like we had never seen before. Though you will find few people who are glad the [...]
Will the Stimulus Money End in November or be Extended
I’m not sure why this keeps popping up as a question but over the last two weeks I have been asked is the stimulus tax rebate will be extended into next year no less than 6 times. While it seems to everyone out here on the front lines that the government should extend this tax [...]
Is Credit Really that Tight?
If you’re like me, you keep hearing that credit is tight. Well, I’m not so sure that’s true. What I do think has tightened are the regulations and rules in regard to who is a good credit risk. You can still get a good loan with a good rate if you start out with a [...]
We Live in a Strange World
So I’d heard in MSNBC the Jon Stewart of the Daily Show just didn’t understand what all was happening. After all he is a comedian, not a financial wizard like the people who are on MSNBC and we should all know the difference. Well, if you have never seen the Daily Show, I highly recommend [...]
Clarification Points about the Tax Credit
I received a number of calls this morning about the tax first tiem home buyer tax credit. And though this is not an extensive or exhusted post in regard to the tax credit here are a few of the most misunderstood highlights. If you have not owned or been on the deed of another home [...]
To Wait on the Government or Not? That is the Question!
Over the last two weeks I have been asked my opinion more than I can remember about two things; should I wait until I know we get the $15,000 tax credit to purchase a home and; when will we see the government give us the 4.5% interest rate so I can either buy a house [...]
The 8 CEO Surprise!
Well, I had the banks eight CEO’s going all day on the TV in my office so I could hear what they had to say for myself and not through the talking heads on the daily news. (Maybe it’s just me but I don’t think I ever get the real deal on the news anymore.) [...]
Strong Housing Market? Where?
Believe it or not there are some places around the US that have strong housing markets. That doesn’t mean they are undergoing a boom of sorts like California and some other states did but it does mean they are holding their own and not suffering a downtrend like so many other places are currently going [...]
Federal Funds Rate Stays the Same
Though I won’t post the entire statement from the Fed, here is the basic information. The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds [...]
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