Orlando Real Estate Update 04/24/09
HOMEBUYER TAX CREDIT- If first-time homebuyers wait until November to sign a sales contract, it's probably too late to get the $8,000 tax credit. To qualify, buyers must close before Dec. 1 - a signed contract is not enough. New construction should be started by mid-summer to qualify.
MORTGAGE RATES- Rates on 30-year mortgages fell slightly to 4.8 % this week & remained just ahead of record lows posted this month, according to Freddie Mac. "The housing market is showing further signs of possible improvement," says Frank Nothaft, Freddie Mac's chief economist.
NEW HOME SALES- According to the Commerce Department, the number of new-home sales dipped slightly last month, but sales beat expectations as builders start to see long-awaited encouraging signs about the housing market, including a dip in the inventory of new homes for sale.
Click on these links, for more information on Orlando Real Estate, Orlando Property Management or Orlando Rentals.
MORTGAGE RATES- Rates on 30-year mortgages fell slightly to 4.8 % this week & remained just ahead of record lows posted this month, according to Freddie Mac. "The housing market is showing further signs of possible improvement," says Frank Nothaft, Freddie Mac's chief economist.
NEW HOME SALES- According to the Commerce Department, the number of new-home sales dipped slightly last month, but sales beat expectations as builders start to see long-awaited encouraging signs about the housing market, including a dip in the inventory of new homes for sale.
Click on these links, for more information on Orlando Real Estate, Orlando Property Management or Orlando Rentals.
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