Home sales are taking off !

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First Time Home Buyers !

Learn All About The New $8,000 Federal Tax Credit

 Download IRS Form 5405 First Time Home Buyer Tax Credit

Realtors see buyers returning to market
"There has never been a better time to buy," says NAR, thanks to low mortgage rates and increased affordability.

REALTORS SEE BUYERS RETURNING TO THE MARKET;

"There has never been a better time to buy," says NAR, thanks to low mortgage rates and increased affordability.

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NEW $8,000 FIRST TIME HOME BUYER TAX CREDIT:

The federal government has approved a new first time home buyer tax credit up to $8,000, but you must hurry!

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HOME SALES UP IN 2009

April existing home sales increased 18% over year-ago numbers, and condo sales rose 21%. National sales also climbed.

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FLORIDA HOME SALES UP PRICES UP FOR FIRST TIME SINCE SLUMP

Looking up: existing single-family homes sales, condo sales and for the first time in months, the median sales price.

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CONDOMINIUM LOANS:

It just became more difficult to get a mortgage on a condo - not that it was easy before. Fannie Mae, which buys the majority of home loans from lenders, announced tough new requirements that apply only to Florida sales. If more than 15 percent of a condo's units are delinquent on association fees, for example, Fannie Mae won't back a new mortgage.

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IS NOW THE TIME TO BUY?:

Is now the time to buy a house? The answer depends on many factors, but it's generally a resounding "yes" for first-time buyers. "I think that, if someone buys a home today and locks in a low-rate, long-term mortgage, they will be glad they did 10 years from now," says Chris Toadvine, a certified financial planner and president of the Financial Planning Association of Central Florida.

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