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Real Estate Advice
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2009 Housing Tax Credit, First-Time Home Buyer Credit
Cheryl Tittle
This is a great incentive for first time homebuyers. Here is the $8,000 Home Buyer Tax Credit at a Glance:
The tax credit is for first-time home buyers only.
The tax credit does not have to be repaid.
The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
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Recently Published
Real Estate Reports
NAR® NEWS: Realtors ® Advocate Quick Implementation of Stimulus
Gail Kosiorek
Now that the American Recovery and Reinvestment Act has been signed into law by President Barack Obama, the National Association of Realtors® is looking forward to swift implementation.
The legislation contains two important housing provisions championed by NAR: The final stimulus bill increase...
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Harb's 91214 Market Watch for La Crescenta
Phyllis Harb
AS OF 4/29/2009
64 homes available ranging from $349,900 - $1,750,000 averaging 75 days on the market, 11 of these listings are vacant.
AS OF 3/31/ 2009
56 homes available ranging from $299,000 - $1,750,000 averaging 89 days on the market
AS OF 1/19/2009
56 homes available ranging from $...
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Trust Deed
trust deed - an alternative to a mortgage, a financial instrument used in conjunction with a promissory note to establish the collateral in a loan secured by real property. In contrast to a two-party mortgage agreement, a trust deed requires a three-party agreement
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