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March 17, 2011 By Leave a Comment

Mortgage Credit Certificate For First Time Buyers

Are you looking for the new first time home buyer tax credit? I've got good news for you! It exists and it's called the Mortgage Credit Certificate (MCC). Most every state has some form of the Mortgage Credit Certificate. Here are the details of how the program works in North Carolina. The Mortgage Credit Certificate gives qualifying first time home buyers a financial benefit when filing … [Read more...]

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August 3, 2010 By Leave a Comment

The Tax Credit Robbed Buyers From The Furure

What was the impact of the Home Buyer Tax credit?  It definitely had an impact on the local Raleigh area real estate market during the first half of this year.  Was it a positive or negative impact?  Was it good for buyers?  Was it good for sellers?  Let's  see what the numbers tell us. As we try to understand the impact of the Home Buyer Tax Credit, the first place we should look is … [Read more...]

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April 13, 2010 By Leave a Comment

Tax Credit Extended For A Few Good Men & Women

The First Time Home Buyer Tax Credit has been extended for US military and members of US foreign services or intelligence.  Actually I think this has been fact since December of 2009, but I wanted to take a few minutes and make sure everyone was aware. Here's the scoop... Members of the military and certain other federal employees serving outside the United States have an extra year to use the … [Read more...]

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April 5, 2010 By Leave a Comment

Spring And The 2010 Wake County Real Estate Market

How will the 2010 Raleigh area real estate market be affected by the Spring season?  Looking at historical data for the Wake County real estate market will give us some pretty good insight. First though, how do we know Spring is officially here in Raleigh, NC?  We could check the calendar.  Or we could go with more scientific proof. I thought about washing my car on Friday.  Within 30 … [Read more...]

Filed Under: Selling a Home Tagged With: ,
January 7, 2010 By 2 Comments

Home Buyer Tax Credit Gets Expanded For 2010

A nice bonus awaits many home buyers in this new year.  The Home Buyer Tax Credit has been extended and expanded to include many more potential home buyers. The Home Buyer Tax Credit actually began back in 2008 as a $7,500 credit only available for first time home buyers.  And it had to be paid back at the rate of $500 each year over 15 years, or in total upon the sale of the home. In 2009 … [Read more...]

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October 30, 2009 By Leave a Comment

Senate Ponders Extending Home Buyer Tax Credit

The Wall Street Journal is reporting that the US Senate has reached a compromise on a revamped version of the First Time Home Buyers Tax Credit.  This version, if passed, would extend and expand the current tax credit. The proposed version would keep the current $8,000 tax credit for first time home buyers while raising income limits to $125,000 for single tax payers and $250,000 for those … [Read more...]

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