Posts Tagged ‘tax credit extended’

Will the Real Estate market stay strong without the first-time home buyers?

…a NAR practitioner survey shows first-time buyers purchased 44 percent of homes in March, up from 42 percent in February. Investors accounted for 19 percent of transactions in March, unchanged from February; the remaining sales were to repeat buyers. All-cash sales remain elevated at 27 percent in March, the same as in February.

see full information via Realty Times – Chicopee, Massachusetts Real Estate Market Conditions.

I will keep you informed as the post tax credit market unfolds this summer.

The past few weeks our First Time Buyer clients have been keeping us  busy.  Everyone has been trying to beat the deadline for the tax credit.  Well grate news the new bill was voted on this week.  The Senate and the House of Representatives have passed the bill.  The bill was then sent over to the office of President Obama.  He singed the bill this afternoon.  There are a few changes that I would like to make clear.

Changes to the First Time Home Buyer Credit