Fannie Mae EXTENDS Popular Closing Cost Assistance Program!
Welcome Back Readers! It’s been a hugely busy month for me in real estate, with the end of the Federal Tax Credit for Homebuyers the Lancaster County real estate market has warmed up with the spring! Even as we close the door on the tax credit, there are many, many other incentives still available for buyers though as we proceed through summer. For example, I wrote a post a few months ago about Fannie Mae offering 3.5% closing costs assistance/appliance... Read More
The Numbers are In – February was Pretty Good!
Welcome Back Readers! It’s time for a Market Update, The Lancaster County Association of Realtors® (LCAR) just released their monthly recap of real estate market activity in February 2010 and there were a few good things to point out. I’ll tell you what those are after the jump, but in the meantime just a note, March was busier than February, April will most likely be too. As a reminder, if you are buying a home, as a first time... Read More
Legos, Tax Credits and Lancaster County Real Estate!
Welcome Back Viewers! Thanks for stopping by, it’s time for another video blog post here on www.TheLancasterConnection.com, there’s some great info in there on tax credits that will save you money, check out the video to find out more and click through the jump to get the links mentioned in the video! Read More Read More
Did FHA Just Throw First Time Buyers in Front of the Bus for a PR Gain?
Welcome Back Readers! I apologize in advance for the negative tone of this post, but it is information that people who plan on buying this year need to have. Let me start with this: There are many solutions available to FHA’s problems, and there are other programs that allow cash poor buyers to still purchase homes. It is not the end of the world, FHA is still a fine program, but I have an issue with their changes not offering a... Read More
It Isn’t a Question of “If” Waiting Will Cost You, but Rather “How Much?”
Waiting. Sometimes a wise strategy, sometimes a foolish one. When it comes to home buying, waiting will surely cost you. There are a number of reasons why, but before I go into that, let’s get one thing clear…. if you aren’t in a positions to buy, if you truly can’t afford it, don’t do it. But if you are unsure, if you are “thinking about it”, if you are planning to “start looking” in... Read More
HUD Secretary Donovan woke up this morning and got himself a gun……
… and he plans to use it to take out the US Housing Market! I know, very dramatic. Maybe even a little uncalled for. On the other hand, there is really no other way to describe how potentially dangerous the policy changes that HUD Secretary Donovan is proposing this week. What are those changes? Read More 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 to move now if you want to take advantage of it! Read further for details! Read More 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 overlooking it too!)} contained a roundly supported amendment to Extend and Expand the First Time Home Buyer Tax Credit that was set... Read More
