First-Time Buyer Tax Credit Already Deemed a Success Preliminary figures from the Internal Revenue Service (IRS) show that the first-time buyer tax credit may have been a deal maker in 10 percent of the approximately 5 million new- and existing-home sales last year. By March 6, 2009 — six weeks prior to when 2008 returns [...]

Single-Family Housing Starts Rise The U.S. Commerce Department recently released statistics that reinforce the impact of the favorable conditions that currently exist for homebuyers. Single-family housing starts rose for a second consecutive month in April, posting a 2.8 percent gain for the month. In addition, issuance of single-family permits, which can be an indicator of [...]

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment. Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers [...]

BEBE FORSTER AGENT OF THE YEAR    Realtor Bebe Forster was recently named 2008 Agent of the Year for Weichert Realtors Wayne office.  In order to qualify for this prestigious award, an agent must be a person who embodies Weichert pride, provides exemplary service to clients, advocates Weichert’s business and one-stop philosophy, has consistent top [...]

This week brought many signs that the economy and the real estate market may be recovering from recession. Positive trends were reported in real estate, retail and consumer confidence. In addition, a report on Friday showed that the pace of job losses slowed in April, as employers shed fewer jobs than in previous months. This [...]

Housing moves the market – up U.S. pending home sales rose more than forecast, and construction spending rose after five straight declines. By Tim Paradis and Sara Lepro Associated Press NEW YORK – The Standard & Poor’s 500 index is up for the year. And for once, it was the housing market that sent stocks [...]

If you qualify for the Federal tax credit of $8,000.00 you only have until December 1 to cash in. First time home buyers are not the only ones who qualify. Read this article to learn more and see if you qualify, and remember this opportunity might not come up again in your lifetime! The economic [...]