The clock is ticking…there are only 161 days left to take advantage of the $8,000 first time homebuyer tax credit! In order to qualify for the tax credit, one must close on a home no later than November 30th, 2009.
While it remains an excellent time to purchase a new home, we are starting to see the first signals of the bottoming out process of the current recession. While we are not seeing many signs of economic growth, we are starting to see signs that the recession is slowing and the economy is starting to stabilize. We are also seeing sales of single family homes starting to increase.
The brightening economic news has led to and will continue to lead to increasing mortgage rates. The increases in rates have been slight and currently rates remain at historical lows. Long term economic recovery, however, will eventually be accompanied by higher interest rates.
Right now is the best time in history to be a first time homebuyer. With today’s combination of low interest rates, low home prices and a tax credit of $8,000, there has never been a better
opportunity to enter the market. It could be a once in a lifetime opportunity, don’t miss out!
~ Courtesy of Wendy Charles, LoanCentral LLC, 425.468.9321, WendyC@LoanCentral.com
- Jeanette Eide
- Bellevue, Washington
- I’m a full-time professional Realtor specializing in residential resale and new construction in Seattle, Bellevue, Redmond, Kirkland, Issaquah, Newcastle, Sammamish, Bothell, Mill Creek, Snohomish, Everett, Woodinville, Kent, and Renton. Together with my husband Erik, we have over 17 years experience. We take the time to listen – getting to know you and establishing your exact needs. From there, our sole focus is getting you where you want to be, on time, in the smoothest manner possible. Together with our team of professionals, the closing of your transaction will be handled knowledgeably with the attention to detail you expect and deserve.
Jeanette's Profile
Erik's Profile
Subscribe To Our Blog
Posts
Comments