From the monthly archives:

August 2008

Existing Home Sales Rise… Just a Little

by Peter Toner General
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    According to The National Association of Realtors  in June 2008 there were 4.85 million home sales across the nation. In July, just one month later, sales rose to 5 million, one of the highest overall sales of the year since February. The jump is also a bit higher than the 4.9 million that [...]

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I-15 Express Lanes Opening Late Summer 2008

by Peter Toner General
I-15 Express Lane

If you often travel on I-15 you couldn’t help but notice the extensive construction being done to the freeway. The 20 mile long project continues up and down I-15 between State Route (SR) 163 and SR 78. Once completed it will be a state-of-the-art Express Lane facility. The billion dollar project is being completed to [...]

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First-time Home Buyer Tax Credit up to $7,500!

by Peter Toner General
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Just last week the Housing and Economic Recovery Act of 2008 was signed into law. Part of this new law is a temporary tax credit for first-time home buyers. The credit will apply to home purchases settled on or after April 9th, 2008 through July 1st, 2009, with the later date being the expiration of [...]

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An Attempt to Save Seller Funded Gifts

by Peter Toner General
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Recently, the “Housing and Economic Recovery Act of 2008” placed a hold on seller funded gift programs starting October 1, 2008 to September 30, 2009. The basis for putting a stop to seller gifts is due to the often higher default rate found with borrowers assisted by seller gift funds. Texas Democratic Rep Al Green [...]

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Act Now ~ Nehemiah Grant Program Expires Soon!

by Peter Toner General
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Seller Funded Down Payment Assistance has been available to first time and repeat homebuyers via the Nehemiah Grant Program for some time now.       How the program basically works is that 1%-6% of the final contract sales price is “gifted” to the buyer at closing. (If the buyer is approved for the max amount of [...]

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