jump to navigation

Factors for Buyers Tax Credits March 7, 2010

Posted by zvaida in Buffalo-Niagara.
Tags: ,
add a comment

Potential home buyers who delay have a lot to lose.

First-time home buyer and move-up tax credits worth $8,000 and $6,500, respectively, expire April 30. Buyers who qualify get a dollar-for-dollar reduction in taxes or a cash payment if they don’t pay enough taxes to cover the credit.

Other factors that should spur buyers:

Low mortgage rates. If the Federal Reserve stops buying mortgage-backed securities at the end of March, 30-year rates will almost certainly rise to more than 6 percent.

Rising prices. About 30 percent of markets are already experiencing price increases. Prices are falling in 12 percent of markets, says Fiserv (but that only helps if you want to live there). 

Education is Important Part January 6, 2010

Posted by zvaida in Buffalo-Niagara.
Tags: , , ,
add a comment

The important part of my Buffalo-Niagara cultural views is education.  This is why today I want to let you know about  HouseLogic, a new site for smart homeowners.  It’s full of great content and tools to help homeowners make informed decisions about improving , protection, and maintaining their real estate investments.  Ready to learn?  Click the link:  http://www.houselogic.com

Contact with question about real estate in the Buffalo-Niagara region.

Real Estate Future December 27, 2009

Posted by zvaida in Buffalo-Niagara.
Tags: ,
add a comment

Statewide sales of existing single-residency homes in New York State jumped 34% in November 2009, compared to November 2008, according to single-family sales data by the New York State Association of Realtors (NYSAR).  The statewide median sales price rose by 3% compared to November 2008.

The tax credit extention and expansion to include repeat buyers will continue to aid the recovery of the New York State housing market. For information on recent sales in the Buffalo-Niagara region visit the Buffalo-Niagara Association of Realtors web site-http://www.bnar.org