Archive for October, 2009

Homebuyer tax credit extension near reality

According to a report later yesterday from the Wall Street Journal, members of the Senate have reached a tentative agreement to extend the first time buyer tax credit April 30, 2010

New homes sales down, inventories still shrink

Sales of newly built single-family homes fell 3.6 percent from August to September to a seasonally adjusted annual rate of 402,000, according to a report from the Census Bureau today.

Home buyer tax credit extension

The Senate is getting close to an agreement on a measure to extend the first-time home buyer tax credit through April, 2010. The current tax credit is slated to expire on December 1st of this year.
The proposed changes would include:

Purchase contracts in place by 4/30/2010 and closed within 60 days are eligible
Credit would amount to 10% of sales [...]

We are available to handle short sales

We keep promoting what a great opportunity this market is to home buyers but what if you are at the other end of the spectrum? If you’re on the other end and you need to sell, we can help.

Residential real estate in the news

Based on the index numbers, Charlotte home prices are approximately 9% lower than their peak in August in 2007. I have seen the same type numbers in the Raleigh area as well.

New Garner website promotes town planning initiatives

I have read a lot of local news about Garner and Clayton lately that is great for current and future residents because as the area continues to grow, there is a defined, comprehensive growth plan.

A few Raleigh real estate tidbits

Did you know the annual, average appreciateion rate for a detached, single family home in Raleigh is about 3%?

KB Homes is focus of SEC investigation

KB Homes, one of the largest home builders in the Triangle area, announced their accounting practices are the focus of a formal investigation by the Securities and Exchange Commission.  
Read KB Home Shares Tumble On SEC Accounting Investigation from WSJ.com.
 [10/12/09 at 3:51 PM http://online.wsj.com/article/BT-CO-20091012-705633.html]