The statistical analysis of the 2nd quarter 2009 Connecticut housing market is now available from Prudential Connecticut Realty, the state’s leading real estate company. Statewide, number of residential units on deposit has increased 40% over 2008. At the same time, inventory levels are down. This seems to reflect the national 4-month long trend of increased home sales. Several factors - continued low mortgage interest rates, increased home value (lower priced properties) and the $8000 federal tax credit for 1st-time buyers - are driving sales, especially for properties in the entry level market, all over the country.
I have a link to the analysis on my website BetsyHodgson.PrudentialCT.com. I will also be happy to send you a copy by e-mail or snail mail. Just call or e-mail me with the request. After you have reviewed the numbers, I will be happy to discuss the report with you and answer any questions you may have about it.
Wednesday, August 19, 2009
Monday, February 16, 2009
Money for Free
Yes, as a first-time home buyer, you can get free money in the form of a tax credit. When the stimulus bill is signed into law by President Obama on February 17, 2009, it will upgrade the former tax credit offered last year in several important ways.
- Maximum allowable credit increased form $7500 to $8000
- Closing date eligibility is extended from July 1, 2009 to December 1, 2009
- The repayment requirement has been waived
With home prices down and mortgage rates at a 25 year low, what are you waiting for - come on in the water couldn't be better.
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