Real Estate Finance & Financial Info

Again, Zillow Ranks Lancaster PA one of the Best Places to Buy a Home Right Now!

Welcome Back Readers! Once again Zillow.com  has ranked Lancaster County as one of the best places to buy a home right now!   As reported on Forbes.com yesterday, due to “affordability, as measured by home price to income ratios; the unemployment picture (both the absolute figure and how it’s trending over time); the foreclosure…Read More

Help with Foreclosure in Lancaster Pa, Foreclosures Rising

Welcome Back Readers.  Today we are touching on a timely topic for many.  Foreclosure.  Timely for many, as an article about it in today’s paper was titled “Record number losing homes”.  Ouch.  Record number.  The article cites 2010 Lancaster County Pa Foreclosure filings as setting a new record at 1,334.  This is an increase…Read More

Home Buyer Incentives for Lancaster Pa Homes for Sale

Welcome Back Readers!   Today we’re talking about Buyer Incentives.  You’ve seen them, buy this house and seller will pay selling agent bonus, seller will include new Cadillac, enter contest to win a Cruise to Bahamas.  Now, not many sellers have been offering these types of incentives in Lancaster, but in…Read More

Is There a National Real Estate Transfer Tax On All Homes Sold After 2012?

Welcome Back Readers!  Thanks for stopping by again!  There’s alot of emails that circulate during an election year, one of the most common ones this year relates to a real estate is that the federal health care legislation (affectionately called Obama-care) passed in March 2010 contains a 4.0% transfer tax on all…Read More

Did You Know That We Can Blame it All on Snow?

Welcome Back Readers!  Or should I say viewers?  This is the first of many video blog posts on www.TheLancasterConnection.com .  I’m excited about being able to bring you this content in a way that is relevant and timely but don’t worry, there will be more than just video posts to keep you up to…Read More

The Trouble with Tribbles or Why Loan Modifications are Failing to Solve the Foreclosure Problem

Welcome Back Readers!  I put up a post the yesterday about how FHA has recently changed their policies to allow loan modifications for qualifying borrowers before they miss a payment .  This is a great policy and I sincerely hope it will help more people stay in their homes.  The problem though…Read More

It’s Back! PHFA Allows Buyers to use the First Time/Repeat Buyer Tax Credit to Close!

It’s official!  Today, Pennsylvania Housing Finance Agency (PHFA) announced that it has allocated funding in the amount of $5,000,000 for the continuation of their Tax Credit Advance (TCA) program!   This is a limited time offer, so take note, once they run out of money it will be too late, so you need…Read More

A Whole New World – Why the New and Expanded Tax Credit May Save the US Economy!

This past Friday, President Obama signed into law H.R. 3548.  This bill, at it’s heart a bill to extend unemployment benefits {which, by the way, is being completely overlooked as the critical step it was to help the unemployed workers in this country, but that’s a topic for another day (see, I’m…Read More

Tax credit hoops? What hoops?

I saw an article posted on Rismedia the other day (http://rismedia.com/2009-10-15/8000-tax-credits-hoops-frustrate-house-hunters/) that was picked up from the Orlando Sentinel.  The reporter (Mary Shanklin) titled the article “$8,000 Tax Credit’s Hoops Frustrate House Hunters”.  She wrote a nice article about the challenges some people are facing in today’s market, concise and well…Read More

HOUSE VOTES 416 – 0 IN FAVOR OF EXTENDING FIRST TIME HOME BUYER TAX CREDIT FOR ARMED SERVICE MEMBERS

The House of representatives passed a bill 3590 on October 8, 2009 that: “…. Amends the Internal Revenue Code to: (1) exempt members of the uniformed services, the Foreign Service, and employees of the intelligence community on official extended duty service from the recapture requirements of the first-time homebuyer tax…Read More

2009 HOUSING OPPORTUNITY PULSE SURVEY

Survey Reveals Downpayment, Closing Costs Still Greatest Obstacles to Homeownership, NAR Survey Shows (article republished from www.Realtor.org) NAR’s seventh pulse survey reveals that despite improved affordability conditions, eight in 10 Americans still consider having enough money for downpayment and closing costs to be the biggest obstacle to buying a home. The…Read More

WEICHERT FINANCIAL PROVIDES ACCESS TO THE FIRST TIME BUYER TAX CREDIT BEFORE SETTLEMENT TO USE AS CLOSING COST $$

Weichert Financial is pleased to announce the release of the Pennsylvania Housing Finance Agency’s Tax Credit Advance Loan Program (TCA) now available throughout Pennsylvania.  TCA provides an interest free loan of up to $6,000 (for newly constructed homes and $5,000 for existing homes, with a minimum loan amount of $500)…Read More

VIDEOS POSTED BY STEVE HARNEY: HOW TO COUNSEL BUYERS THAT INTEREST RATES ARE A REASON TO BUY NOW

Take a few minutes to watch this excellent discussion of interest rate trends by Steve Harney of www.KeepingCurrentMatters.com .  Steve offers a well thought out and easy to understand analysis of interest rate trends and explains very simply why NOW is the time to buy and waiting for a better rate…Read More

HELP FOR OUR SERVICE MEN AND WOMEN AFFECTED BY POOR HOUSING MARKETS

The US Department of Defense, in conjunction with the Army Corps of Engineers, recently announced the Homeowner Assistance Program (HAP).  The program is designed to “assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base…Read More

CALIFORNIA DOES IT AGAIN!

I came across some interesting info the other day on realtor.com.  They republished some info from Zillow that showed the Top Ten Areas where home prices have either Decreased or Increased.  Here is the break down: Top 10 Increases Ithaca, NY                     +5.6% State College, PA          +4% Jacksonville, NC            +3.9% Winston-Salem, NC     …Read More