Tax Credit

Good news for homebuyers? Finally! First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit.  Remember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only … [Read more...]

Equinox Update

I paid a visit to the Equinox sales center yesterday and thought I would provide an update.  Completion and move in, is currently scheduled for June.  They have sold 61 units out of 204.  Obviously, the demand for pre-sale doesn't really exist in this market.  Sales should begin to pick up once the units are complete.  The amenities are sound and the location is very popular … [Read more...]

Pending Sales unexpectedly rise 6.3%

One of the most important indicators used by the housing industry; pending sales of resale homes rose 6.3% in the month of December.  As prices drop from the downward pressure of foreclosures buyers are finally taking the plunge towards value.  This is obviously a good sign.   According to www.bloomberg.com most economists had predicted that this indicator would be flat for … [Read more...]