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Homebuyer Tax Credit extension passed

The Senate passed HR 5623, which extends the mandatory closing date to qualify for the homebuyer tax credit. The contract deadline does not change – homebuyers must have a contract signed by April 30, 2010 (an exception for active duty military) – but the previous closing deadline of June 30, 2010, has been extended to [...]

Another TEAM SUMBERG Happy Customer

We want to thank our customers.  We’ve been very fortunate to have great customers.   With each real estate transaction comes the opportunity for a rewarding friendship.  Driving around town, seeing this home or that property with which we helped the sellers or buyers is like seeing old friends and family.  It always yields a warm feeling of [...]

November Real Estate News

    This Month in Real Estate November 2009 Commentary   Budding signs of recovery continued last month. The encouraging news arrived in a number of closely followed economic indicators. On Thursday, October 29, the U.S. Commerce Department stated the country’s recession has officially ended, at least as leading data indicates. U.S. GDP expanded 3.5 percent in the third [...]

1 in 20 Americans Plan to Buy a Home Within the next 12 Months

One in 20 Americans say they plan to buy a home within the next year, and they’re most likely to be 34 years old or younger and living in the South or West, according to a survey released Wednesday. Roughly a quarter of potential buyers said the No. 1 reason they would buy now is [...]

Extend the $8000 Homebuyer Tax Credit?

Homebuyer tax credit best tool for sustaining housing recovery WASHINGTON – Oct. 8, 2009 – The best tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, and it’s essential that Congress extend the credit into 2010, the National Association of Realtors® (NAR) testified at a hearing of the U.S. House Small [...]

Proposals to Extend the Tax Credit for 1st Time Home Buyers and MORE.

Many economists support a bi-partisan Senate bill (S. 1678) recently introduced that would create a six-month extension of the $8,000 federal tax credit for first-time homebuyers and move the current expiration date forward to June 1, 2010.  This is an important next step for maintaining positive momentum toward a recovery in the housing markets and the overall [...]

Extend the Housing Tax Credit?

Economists: Extend the housing tax credit WASHINGTON – Sept. 21, 2009 – More than 40 percent of all homebuyers in 2009 will qualify for the federal tax credit, costing the government about $15 billion – twice the original estimate – but most housing experts applaud the policy and favor expanding it. Now the decision is [...]

Numbers Add Up – House Price Declines At Bottom And Turning Around

RISMEDIA, September 8, 2009-House prices in the U.S. continued to depreciate in the second quarter 2009 but at a much more moderate rate compared to the fourth quarter 2008, the peak of the collapse in home prices, according to a quarterly housing valuation analysis by IHS Global Insight. Prices fell at a 2.7% annualized rate [...]

The Paradigm Has Left The Station.

Make no bones about it, with respect to our real estate market, that was then and THIS is NOW.  As with any commodity market, values change.  In the grand scheme of things, real estate is just that, a commodity.  The underlying force affecting price is supply and demand.  It really doesn’t matter what triggers it, it’s [...]

Florida is Offering Bridge Loans for Down Payment

Team Sumberg with Keller Williams Realty would like to share the long awaited guidelines for the bridge loans offered by the The City of Tampa and the State of Florida to help you become a homeowner. For a very short period, funds are available to help you take advantage of a special federal income tax refund [...]