Home Buying Credits for Cincinnati, Ohio Residents There are still some home buying credits available to Cincinnati residents. For those of you not familiar with the program, there are a few things to keep in mind when talking with your lender about these credits. First, it's focused on 1st … [Read more...]
Home Buyer Tax Credit – Closing Date Extended to September 30th.
Congress -- both the U.S. House and Senate -- passed the Homebuyer Assistance and Improvement Act of 2010 (HR 5623), which extends the Closing Deadline for Homebuyer-Tax-Credit eligible transactions to September 30, 2010 (instead of June 30). This extension of the Closing Deadline applies only … [Read more...]
Cincinnati Spring Real Estate Market Shows Improvement
The numbers released form the Cincinnati Area Board of Realtors show that the local real estate market has improved since last year and is trending towards stability and balance. Year over year 2010 spring season has been much more active than 2009. Below you can see the increase in number of homes … [Read more...]
Pending Home Sales Surge in Cincinnati and US
Due in large part to the Federal Housing tax credit the pending home sales in April surged to a 110.9 index rating up from 104 in March. How do we know that the tax credit was the cause of the increase? Well we can look at the historical data and see that the last surge of pending home sales … [Read more...]
The Cincinnati Real Estate Market after the Tax Credit
A number of my discussions with other real estate agents and clients have focused on the state of the Cincinnati Real Estate market after the $8,000 tax credit. The situation is very postive because there are a number of other factors that are supporting a very active residential real estate market … [Read more...]
EPA Issues New Lead Based Paint Regulations
At the end of April the EPA issued new regulations for contractors who work in homes built before 1978. Before 1978 paint was made with lead as a base ingredient, and therefore the EPA has issued a mandate that all contractors receive proper training on how to safely work in homes that may have Lead … [Read more...]
I Missed the $8,000 Housing Tax Credit so Should I Still Buy a Home?
In recent days I have had a few phone calls from first time home buyers asking me if they should still buy a house even though they missed the $8,000 tax credit. In some cases they could not find the right house, or they did not hear that the credit was extended. Regardless of the reason they missed … [Read more...]
HUD Reversal: $8000 Tax Credit Can be Used Toward Downpayment
I just got new information from HUD released today May 29, 2009 that the $8,000 tax credit can be used toward the downpayment of an FHA insured home. HUD stated on their website that families can only access this credit after filing their tax returns with the IRS This is great news for buyers and … [Read more...]
$8,000 Tax credit cannot be used for down payment
The Arizona Republic ran a story about the fact that Federal officials on Monday reversing an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home. Lenders, home builders and real estate agents were in favor of the bridge loan … [Read more...]
