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Home Buyer Tax Credit October 22, 2009

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Now is a smart time to buy in Kailua Kona, Hawaii!  With the price of homes at possible “rock bottom” one would not have to think twice about purchasing a home instead of renting or possibly purchasing your retirement or vacation home.

Hear what the experts have to say in regards to the $8,000. tax credit.

With first-time home buyers rushing to beat the deadline for the $8,000 tax credit, NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said first-time buyers need to act now. “Potential first-time buyers must make a contract offer very soon to have a reasonable chance of qualifying for the tax credit,” he said. “Congress needs to extend and expand this program because it’s stimulating the economy and reducing inventory close to price stabilization points.”

Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said.

After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) released a statement that the government should “continue efforts to strengthen the housing market by extending the home buyer tax credit.”

Mark Zandi, chief economist at Moody’s Economy.com, who is a consultant to Democrats in the administration and Congress, is advocating extending the credit through August and making it available to all home buyers. He said failure to extend the credit just as more foreclosures enter the market will push housing prices down.

Source: The New York Times, Jackie Calmes (10/07/2009)

Your Partner in Paradise! October 20, 2009

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The Hawaiian Islands is truly a beautiful place to live.  I will be happy to provide all the information you need to buy or sell real estate in Kailua Kona, Kukio, Hualalai, Waikoloa, Mauna Lani, Mauna Kea, Kohala, and surrounding areas. The real estate market is ever changing and whether you are buying your first home, selling or investing for the future, you need to work with a Realtor that you trust! I look forward to serving your real estate needs. Learn More About Me

Home Buyer Tax Credit October 16, 2009

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With first-time home buyers rushing to beat the deadline for the $8,000 tax credit, NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said first-time buyers need to act now. “Potential first-time buyers must make a contract offer very soon to have a reasonable chance of qualifying for the tax credit,” he said. “Congress needs to extend and expand this program because it’s stimulating the economy and reducing inventory close to price stabilization points.”

Extending the First-Time Home Buyer Tax Credit, due to expire at the end of November, is high on the Democratic Congressional to-do list, legislative aides said.

After Wednesday’s meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) released a statement that the government should “continue efforts to strengthen the housing market by extending the home buyer tax credit.”

Mark Zandi, chief economist at Moody’s Economy.com, who is a consultant to Democrats in the administration and Congress, is advocating extending the credit through August and making it available to all home buyers. He said failure to extend the credit just as more foreclosures enter the market will push housing prices down.

Also, today, the House is expected pass legislation to extend the credit through 2010 for people who have been out of the country in the military, intelligence, or foreign services.

Source: The New York Times, Jackie Calmes (10/07/2009)