October 2009 
There are 4 blog entries for October 2009.
Is an Extension on the Way for the Home Buyer Tax Credit?
Friday, October 23rd, 2009 at 9:21am. 84 Views, 0 Comments.
There is quite the buzz in Washington regarding the Home Buyer Tax Credit which is due to expire on November 1st of this year. Many sources estimate at least twenty different bills are floating around Washington with language related to the extension of the popular tax credit.
A proposal by Senator Johnny Isakson has probably garned the most attention. Citing the urgency of continuing to build on recent economic momentum Isakson further states:
“During my 33-year career in real estate, I experienced many challenges and difficult markets, but never anything like the current housing market in America. America’s families have lost trillions of dollars in home equity as home values have fallen, and in some markets, continue to fall today,” Isakson said.…
Atlanta-Sandy Springs-Marietta Metro is Number 1 in Forbes "America's Recession-Proof Cities To Retire In"
Wednesday, October 21st, 2009 at 5:32am. 37 Views, 0 Comments.
Forbes magazine recently compiled a list of the best places to retire based upon factors including: sunny days, cost of living, income of seniors, job growth forecast, and stability ofthe housing market.
"Atlanta is the financial and industrial center of the South," says Eduardo Martinez, senior economist at Moody's Economy.com. "With companies like Delta and Home Depot, it's home to more and more international business."
The full article may be viewed here.
Financial Incentives from Fannie Mae & Freddie Mac
Tuesday, October 13th, 2009 at 3:54pm. 20 Views, 0 Comments.
Fannie Mae and Freddie Mac, in an apparent effort to reduce inventory of foreclosures, are offering incentives to buyers.
Buyers have until Oct. 30 to apply for Freddie Mac’s SmartBuy program, which offers up to 3.5 percent of a home’s sale price to toward closing costs. The home must be from Freddie Mac's inventory of foreclosures, must be for use as a principal residence and must close by the end of 2009. Full details at http://www.homesteps.com/homeshoppers.htm.
Most buyers will find Fannie Mae's incentives even more appealing. Fannie Mae is offering, through participating lenders, mortgages with a down payment of 3 percent and no required private mortgage insurance (PMI).This an other Fannie Mae incentives are detailed at http://www.homepath.com.…
Lesser Known State Tax Credit To Expire with Federal Tax Credit
Saturday, October 3rd, 2009 at 6:14am. 20 Views, 0 Comments.
HB261 provides for a tax credit of 1.2% of the purchase price of the home or $1800, whichever is less. This state tax credit must be taken over three years (1/3 per annum). Eligible properties are restricted to any single-family residence. This state tax credit is in addition to the Federal tax credit of up to $8000 provided by the American Recovery and Reinvestment Act of 2009. Both tax credits will expire December 1, 2009. So, buyers must hurry to take advantage of the tax savings.