FHA Upfront Mortgage Insurance Premium Increase April 5th, 2010
March 8, 2010 by Victoria Stankard · Leave a Comment
It has never been a better time to buy a home with so many exceptional values on the market, government tax credits and historically low interest rates. However, there are some changes headed our way that will have an affect on these favorable conditions. Top heavy home inventory is shrinking more and more each day as buyers [...]
First-Time Homebuyer Tax Credit – Only Two Months Left
March 3, 2010 by Victoria Stankard · 1 Comment
With home prices and interest rates at all time lows and only two months left before the First Time Homebuyer Tax Credit expires, many folks are taking action and looking to buy a home. The $8,000 tax credit, extended and expanded to include current homeowners in 2009, expires on April 30th, 2010. Qualifying for the Tax [...]
New Home Buyers Tax Credit – Only Paper Filings Allowed
February 25, 2010 by Victoria Stankard · 1 Comment
According to a federal audit released last October by the Treasury Inspector General for Tax Administration (TIGTA), nearly 90,000 taxpayers claimed the New Home Buyers Tax Credit, for which they were not entitled to. More than 1.2 million tax returns had claimed approximately $8.5 billion in the refundable tax credit. Although the rules of the tax credit [...]
Pending Home Sales Dropped 16 Percent after Rising for Nine Straight Months
January 5, 2010 by Victoria Stankard · Leave a Comment
According to the National Association of Realtor’s (NAR) Pending Home Sales Index (PHI), there was a drop of 16%, after rising for nine consecutive months. The NAR index is based on pending contracts of existing home sales, including single-family homes and condominiums. A home sale is considered pending when the contract has been signed but [...]
First-time Home Buyers Give New Life to the Housing Market- Charlotte NC Real Estate Expert
November 18, 2009 by Victoria Stankard · 2 Comments
The first time home-buyers tax credit has definitely had an impact on home sales, bringing entry-level home buyers into the market. According to New York (CNNMoney.com), an industry report was released last Friday clearly indicated that half of all home sales are now being made by first-time home buyers. The first-time home buyers tax credit has [...]
Extended Home Buyer Tax Credit Goes into Effect Today! Charlotte NC
November 7, 2009 by Victoria Stankard · 3 Comments
There’s good news on the housing market horizon and for all those who have not yet taken advantage of the $8,000 first-time home buyer tax credit (part of the $787 billion economic stimulus package) that was set to expire on November 30, 2009. As of today, the IRS is implementing the tax-related provisions of the The Worker, [...]
Leigh Brown, aka The Real Estate Diva, is a native of Concord NC in the Charlotte area. She grew up on a farm at the edge of Cabarrus County, still goes to the same church she grew up in (home of the world famous Mallard Creek Barbecue!), but has become a leader in area real estate through constant learning and continually upgrading technology to better serve buyer and seller clients. Leigh does indeed have a reputation as a barracuda-when it comes to protecting client interests. Her softer side is reserved for her husband and two kids who provide a constant source of joy-and entertainment
