Will First-Time Homebuyers Use the $8,000 Tax Credit? Or Wait for …

Posted by: Carleton Sheets in Tax Credits, Incentive, Credit, Buyer on Jun 03, 2009.

First, there was last year's $7,500 credit to first-time homebuyers ... the problem was that it really wasn't a credit at all. It was considered a loan and had to be paid back.

This year's "up to $8,000 tax credit" to first-time homebuyers seemed to be an improvement on last year's credit because it didn't have to be paid back. The catch was that some potential homebuyers were excluded

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Have You Seen the Light?

Posted by: Carleton Sheets in Real Estate Market, Real Estate, Property, Mortgage applications, Incentive, Housing Market, Economy, Confidence, Buyers market, Barack Obama on May 07, 2009.

I've been reading quite a few articles lately suggesting that some analysts are beginning to see a glimmer of light in the housing market.

For instance, a recent article in USA TODAY reported that well-kept homes in good neighborhoods are receiving multiple offers---even in states with high foreclosure rates. Why? It's a buyer's market right now and, as buyers become less "timid," they are

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Builder incentives Change With the Times

Posted by: Carleton Sheets in Real Estate, Incentive, Housing Market, Economy, Credit crunch, Buy Down, Builder on Jan 29, 2009.

It's interesting to see how builders' incentives to prospective buyers are changing. In previous blogs, I wrote about builders offering flat-screened TVs, new microwaves---and even a free car to entice buyers to purchase homes. And their incentives continued to "grow" as the housing market declined---free upgrades, free trips, and prices slashed even further. 

I just read an article in the

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Builders Incentives Grow As Market Slows

Posted by: Carleton Sheets in Rehab, Incentive, Builder on Aug 10, 2008.

Builders are offering more incentives than ever to buyers purchasing new homes. I read earlier this week that Pulte Homes is offering a $7,500 rebate to new home buyers. And they are not the only ones. Other builders are offering plasma TV's, upgraded appliances, memberships to country clubs or golf courses, cash rebates, and, the biggest one I've heard of---a new car---are just some of the

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