Archive for 'Blog'
Home Buyer Tax Credit Info.
Posted on 03. Mar, 2010 by toniarney.
The Recovery Act extends tax credits made available to first-time homebuyers under the Housing and Economic Recovery Act of 2008 (HERA), increasing the maximum allowable credit and extending the time period during which home purchases can be made.
Eligible first-time homebuyers may receive a tax refund equal to 10% of the purchase price of their home [...]
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Posted on 03. Mar, 2010 by toniarney.
Home Buyer Tax Credits
Brought to you by the National Association of Home Builders
FAQ: First-Time Buyers
FAQ: Repeat Buyers
Resources
Military/Service Rules
Key Information
Key Information
Following are key points that prospective home buyers should be aware of when considering a home purchase under the tax credit program.
A tax credit of up to $8,000 is available for first-time home buyers purchasing on [...]
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My Conversation with Rockwall Mayor, Bill Cecil
Posted on 20. Feb, 2010 by toniarney.
Rockwall is the smallest county in the state of Texas, yet it’s the 2nd wealthiest for median income! With a population of approximately 29,500 people in a 22.6 square mile radius, Rockwall has emerged from obscurity to be recognized as one of the best places to live according to Family Circle Magazine.
The Mayor of Rockwall [...]
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Real Estate 2010 – - Will It Be Better?
Posted on 19. Feb, 2010 by toniarney.
Real Estate 2010 — Will It Be Better?
By Peter G. Miller
There’s little doubt that 2009 was a brutal year for many in real estate while for others it was a buying opportunity. Foreclosure filings reported by RealtyTrac topped 300,000 per month for much of the year while the National Association of Realtors says that a [...]
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Foreclosures and Options
Posted on 15. Feb, 2010 by toniarney.
Home foreclosure filings jumped in the Dallas-Fort Worth area again after falling last month, according to Addison-based Foreclosure Listing Service Inc.
Foreclosure postings were up 34 percent in Collin and Denton counties and 23 percent in Dallas County. The foreclosure postings were up 22 percent from the same period a year ago, but down 4 percent from [...]
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The Latest on Mortgage Rates
Posted on 11. Feb, 2010 by toniarney.
Mortgage Rates: February 11, 2010
Rate: 5.15 percent (30-year fixed) Average Points: 0.44
Mortgage rates did not budge this week.
The average 30-year fixed-rate mortgage stood at 5.15 percent for the second straight week, and third week in the past four. A basis point is one-hundredth of a percentage point.
Meanwhile, this week’s average 15-year fixed-rate — a popular [...]
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D/FW Foreclosures
Posted on 11. Feb, 2010 by toniarney.
DALLAS (Dallas Morning News) – Dallas may be faring well in this economic downturn compared with other major metros in the country, but the foreclosure crisis has not passed it by.
First American CoreLogic estimates that about 0.9 percent of Dallas-area homes with mortgages were in foreclosure in December. That’s up from 0.8 percent in December 2007.
During 2008 [...]
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What exactly is a Short Sale?
Posted on 02. Feb, 2010 by toniarney.
As a real estate agent I get asked this question often. In today’s current economic condition short sales make-up more than half of all real estate transactions. A short sale is a term used to describe the sale of a home that falls “short” of the balance owed on a mortgage. A short sale often occurs when a homeowner or borrower [...]
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Foreclosures rise for D/FW
Posted on 20. Jan, 2010 by toniarney.
Dallas-Fort Worth will start the new year with a surge in home foreclosure postings.
Almost 5,900 homes are scheduled for foreclosure next month in the four-county area, according to Foreclosure Listing Service (FLS). That’s a 45 percent jump in foreclosure filings from January 2009.
But as in previous months, a big part of the current filings — [...]
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Housing Market Fallout
Posted on 17. Jan, 2010 by toniarney.
After the Fallout
By Mark G. Dotzour
A year has gone by since the real estate mortgage markets
experienced the first day of “nuclear winter.”
For three or four years prior to July 2007, the credit markets
for real estate lending were on fire. The thinking among the
“smart money” on Wall Street was that under modern central
bank policies, risk was [...]
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