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… [Continue Reading]
Equinox Update
February 10, 2009 By Leave a Comment
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… [Continue Reading]
Pending Sales unexpectedly rise 6.3%
February 3, 2009 By Leave a Comment
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… [Continue Reading]
Recent UCS Comments