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February 2009

There are 3 blog entries for February 2009.

$8000 tax credit first time home buyer

Friday, February 20th, 2009 at 8:14am. 3,192 Views

The $787 billion U.S. Stimulus Plan was signed by President Obama on Tuesday, 2/17/09.  The Homebuyer Tax Credit portion of the bill provides for an $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.   Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

$8,000 tax credit at a glance:

  • First-time home buyers only.
  • Does not have to be repaid.
  • Equal to 10

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$8000 Tax Credit for first time home buyers passed by the House

Saturday, February 14th, 2009 at 12:14pm. 2,726 Views

According the the National Association of REALTORS® website, "H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009, by a vote of 246 - 184.  The Homebuyer Tax Credit bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser."

Below is a chart that highlights the major

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Austin Texas Real Estate Market Update and Statistics January 2009

Sunday, February 1st, 2009 at 4:09pm. 2,132 Views

Median sold prices for Austin homes (single-family) are down 2.2% and the number of homes sold is down 47% for January 2009 compared to January 2008.  Bank rates for a 30 year fixed mortgage remained low at 5.33% as of 2/1/09 according to bankrate.com.  With fewer homes being purchased and with low interest rates, this is an excellent time to consider buying.  Keep your eyes open for “good deals” to pop on the market.  My recommendation is to price competitively and buy aggressively during 2009.

Find Austin homes for sale by clicking this link.  Contact Austin REALTOR® Brian Talley of Regent Property Group at 512-554-9714 if you need help buying or selling a home or if you have a need for Austin office space.

Austin Real Estate Market Summary for

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