Although the housing tax credit has provided a good incentive for buying a home, don’t be hard sold into buying a home because of it. Inventory in some price points are low right now so don’t make a decision you might regret later on down the road just to cram in a purchase by the [...]
Don’t be hard sold into using the housing tax credit
Should The Tax Credit Be Extended?
Here comes that push to get lawmakers to extend that $8000 first time home buyer tax credit or maybe available to all home buyers with increased return of $15,000. The housing tax credit has seemed to work, but what many can only view as helping the low end of the market buyers. So I get [...]
6,964 Home Buyer Tax Credits Claimed So Far In Minnesota

According to this interactive graph on CNN and data pulled from the treasury department a total of 6,964 home buyers have taken advantage of the $8000 housing tax credit. Not sure how they arrived at the numbers, whether it has been home buyers that have already filed or numbers used from mortgage data. Maybe someone [...]
120 Days Left For $8,000 Tax Credit
It might seem like a long time for to claim your $8,000 tax credit, but seeing that August just rolled around. There are 120 days left to purchase a home and benefit from the tax credit. The last day is November 30, 2009 or before December 1st ,2009 depending on how you look at it. [...]
A Push Of Home Sales In The Twin Cities
Mistakes Made By First Time Home Buyers
Foreclosures are still happening and will continue for awhile, no matter what advice you hearing about a possible bottom of the real estate market in the Twin Cities. Home values have taken a beating and are creating scores of opportunities for buyers. Mortgage rates are sitting at record lows depending which day or hour you [...]
$8000 First Time Home Buyer Tax Credit Now Available for Down Payment
Check with your local loan officer, some or most states this might not be available. Sorry Minnesota, not available Here is a link on how to apply the first time home buyer tax credit as a down payment So it looks like this $8000 Tax Credit will be available for down payment after all. The [...]
HUD Announces $8000 Tax Credit Used For Down Payment
Update: I have seen somethings that would say that this has been scratched and I have also seen that HUD and FHA will finalize this sometime next week. Will keep posted. Update 2: New information on the $8000 housing tax credit here BREAKING NEWS announced today that the $8000 first time home buyer tax credit [...]
$8000 First Time Home Buyer Tax Credit
After the $15000 tax credit for all home buyers tanked in the stimulus bill, it was then scaled back to $8000 first time home buyer tax credit. Not as much as $15000, but still a nice chunk of change that doesn’t have to be repaid. Even though the tax credit of $8000 is only up$500 [...]
Twin Cities pending home sales increase over 2007 in 2008
Who woulda thunk it? Sales of homes actually increased overall in the Twin Cities 13 county metro area in 2008 compared to 2007. The local real estate market was tanking in 2008 until recent optimism in latter half of the year created some momentum into the 2009. Although it was only up 1.2%, according to [...]



