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Posts Tagged ‘homes for sale roanoke va’

Real Estate Investors Returning to Market

January 7th, 2010 The Wilson Team Comments off

According to this article by Broderick Perkins on Realty Times, Savvy investors are always the first to jump in a potentially profitable housing market and a new survey indicates things are heating up.
More than 12 percent of homebuyers today plan to purchase a home as an investment, compared to less than half, only 5.6 percent, just seven months ago,…..More

Have We Hit The Bottom Yet in Roanoke Home Sales?

December 3rd, 2009 The Wilson Team Comments off

According to a recent article in REALTOR Magazine, Lawrence Yun, Chief economist of the National Association of REALTORS states, “It’s been a long time coming, but thanks largely to strengthening housing markets, the country is pulling out of the recession.” He goes on to to speak about the recession and hopefully better economic conditions ahead. This article was in the November/December issue and had a couple of very interesting graphs showing Home Sales and Business Confidence. more …

New homebuyer tax credit helps Roanoke home buyers

December 3rd, 2009 The Wilson Team Comments off

The Unemployment Insurance bill including the homebuyer tax credit extension and expansion has passed the House by a vote of 403-12 after passing the Senate last night 98-0. President Obama signed off on this bill this afternoon. Right click this link and select “Save target as…” to download a chart explaining the difference between this credit and the one that expired on November 30.

The bill extends the present $8,000 tax credit for first-time home buyers through April 30, 2010. Current homeowners are eligible for a $6,500 tax credit through April 30, provided they have lived in the home they are selling, or have sold, as principal residence for five consecutive years in the past eight years. If potential home buyers have a binding contract on or before April 30, they will have until July 1 to close the transaction.

Income limits for eligible home buyers are expanded to $125,000 for single buyers and $225,000 for couples. The purchase price of the home cannot exceed $800,000. To help guard against fraud, buyers are required to attach documentation of purchase to their tax return.more…