The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory...

Not only are prices great and mortgage rates low, but there is also an $8,000 Tax Credit for First Time Home Buyers which equates to now is a great time to buy a home! So what defines a First Time Home Buyer? The IRS website states that a first time home buyer is anyone that has not owned a home in the...

Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. “High cost” is defined by a regions’ median sales price. With the temporary increase, a greater share of Americans can now qualify for...

FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well. With Conforming loans a lender will not release...

When using a non-occupant co-borrower, such as parents, the occupant borrower is not required to have any income or assets of his/her own. 2- to 4-unit owner-occupied properties are eligible for 96.5% financing at the same interest rate as 1-unit homes Mom and Dad can lend, not gift, some or all...

Image via Wikipedia A new $7,500 tax credit for first-time home buyers is a temporary incentive from the government (Read all of HR 3221) to boost interest in real estate – but the time frame to take advantage of the credit is limited  (Purchases on or after April 9, 2008 until July 1, 2009). The...

Don’t miss this week’s Top 50 REO Foreclosures in Greater Phoenix, AZ. This is an ever-changing list, so check back often, as inventory changes on a daily basis…

http://www.flickr.com/photos/axeldeviaje/300817084/sizes/m/#cc_license Now more than ever is the best time to Purchase a home in U.S. history! You may ask why, think I am crazy or just writing this post due to the fact my job revolves around assisting individuals in the process of purchasing their home. As...

The Fed has taken Historic Action and has established a Target Range vs. a Flat Rate.  Target range for the federal funds rate of 0 to 1/4 percent. (This should be interesting for Prime? Credit and Money is NOW Cheep. Didn’t we do this in 2001-2003?) Given the overall decline in the U.S. Economy,...