05.05.09
First Time Home buyers Applications Up
We have seen a big increase in applications for first time home buyers. When asked what made them take the first step, almost everyone of the applicants brought up the $8,000 Tax Credit for First Time home buyers. We have detailed information through our website on this tax credit by clicking here.
We see this as great news because that was the whole intention of the tax credit in the first place. The 2008 Tax Credit didn’t move first time home buyers like the 2009 Tax Credit has mainly because this year’s tax credit does not have to be repaid. Also, interest rates have remained low and home prices have been reduced substantially. First time home buyers are recognizing that for the price they are paying in rent, they can be owning a property. This is the best news for young adults ages 20 to 35 who were taken out of the market a couple years back due to the huge increase in prices. This is also good for older adults who have never owned a home or haven’t in a while to get back into the market.
If you would like to take the first step to own a home, contact Lissette Cancio at 866-790-7883 x101. If you have any comments or questions, please do so by blogging with us or giving us a call.
