the informed homeowner novemberr 2010
Monday, 08 November 2010 09:05 | Written by michelle beltran | 
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The Informed Homeowner November 2010
New home sales up, new home sales down. If you listen too close you could be as confused as I am. The truth could be buyers taking advantage of lower new home prices and builder incentives, and the federal tax incentative. Well, some will be disapionted by the lack of funding (It stops when the feds run out of money) and it is a tax credit, they take it off you income tax over 3 years. If you have the ability to get the loan you have income to be taxed. Good deal.
We still have a lot of buyers going for the bank properties, plus some reasonable seller owned. The sales are moving, but delays can be found in the lenders requirements. We have all heard of the pre qual, contract acceptance, and then the lender's product is no longer being offered. TFT (transaction falls through)
The best news is the economy is no longer tanking, but many families are still strugling beyond belief.
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