$15,000 Tax Break For Homebuyers

The Senate voted Wednesday night to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry. The tax break was adopted without dissent.

Sen. Johnny Isakson, R-Ga., who advanced the homebuyers tax break, said it was intended to help revive the housing industry, which has virtually collapsed in the wake of a credit crisis that began last fall.

The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only.

I will keep you posted as I hear more....

Current Market Observations!

The below $150,000 market has been steadily picking up steam, with interest rates falling to the 4.5% range. I believe this time will be viewed in the future as a time where people who took a chance on the market, and bought, got an incredible bargain with incredible financing rates.

I realize that selling a home right now is challenging, but if your goal is to get another home locally, you can make it up with what you purchase. Remember, Dallas-Fort Worth is still one of the strongest markets in the U.S.

MLS Activity Report For all of 2008 just released

Click on picture to see full size picture...

Thought this was probably accurate...

Interest Rates are at 40 year lows!

Just touching base to let everyone know that interest rates have dropped to 40 year lows! Depending on your credit score & down payment, you can get rates at low as 4.75%! These new interest rates combined with some great prices on homes provide a great opportunity if you in the market to buy a home. Don't forget to check out our website at http://www.tarrantcountylistings.com to searchevery home for sale in North Texas. It is designed to be easy to use and really let you narrow your searches to get just what you are looking for. Very user-friendly...

Activity Report for November 2008

Click on the image below to see full size....

Interest Rates are Falling Today!

Just to let you know, if you are "sitting on the fence", waiting to write a contract, rates have really improved today. Conventional rates are 5.375% -5.75% depending upon credit and LTV. FHA rates are 5.50%-6.00% depending upon credit and debt to income ratio...

Interactive Map of Home Prices in the United States

Thought this web site was interesting...

You can move your mouse across most cities in the USA and by clicking on the little house you can then see the median price and the drop/gain in prices. Check out some cities in Florida etc, and you can see that the Dallas/Fort Worth area is doing much better than the rest of the nation.

Click here for the map...

http://www.realtor.org/rmonews_and_commentary/articles/2008/nar_research_maps_msa?LID=RONav0022

MLS Statistics for North Texas through October

Interesting Video From Keller Williams Realty

Discussing national trends and giving their opinion of the real estate market for the near future...

http://www.youtube.com:80/user/kellerwilliams