October 19, 2017

Tax Credit Extended

Here are the details on the Tax crdit that will help Louisville Real Estate home Buyers: 1) Tax break for buying a home The legislation also would extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.  2) The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. That measure … [Read more...]

Louisville Kentucky Homes Sales drop in July!

First the good news, new numbers just out for home sales in Louisville Kentucky for July 2008 show only a 4.4% drop in sales prices from July 2007. Though a concern for local homeowners, there is comfort in the fact some cities are seeing 30-50 percent drops in home values. Louisville’s’ slight drop in home sales prices is tied directly to two problems: 1)      The number of homes on the market (10,912 as of August 1 2008). That number is high because of the number of foreclosures … [Read more...]

Has help really arrived for 1st time home buyers?

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You may have heard that on Wednesday, July 30, President Bush signed the recently-passed housing legislation (H.R. 3221) into law.   The new first-time homebuyer tax credit went into effect immediately upon the President’s signature.  What is all means to consumers is still being questioned. Some are hoping the credit will convert  ”Just looking, thanks” home browsers into purchasers.  But no one is really sure at this moment. Here are some items we do know: 1) The legislation has … [Read more...]