Real Estate

Hello and welcome to This Month in Real Estate. Im Jay Papasan.

The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.

For December, we take a look at the results the incentive had on stimulating home sales since 2008.

According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.

Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.

But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.

According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.

If we look at the results according to the total number of claims, heres how the rankings shake out:

California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.

Texas is number two with over 131 thousand.

And Florida is number three with over 105 thousand.

But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.

Heres a look at the top three in terms of per capita participation in the tax credit

Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.

Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.

And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.

Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.

Back to you, Jay

Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.

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Mobile Real Estate IDs new Mobile ToolBox is a real estate agents all in one mobile solution. It provides both 24/7 lead generation via text message as well as a phone agnostic mobile web site that allows buyers to search the entire MLS from the palm of their hands, on their mobile device.

Mobile Real Estate IDs new Mobile ToolBox is a real estate agents all in one mobile solution. It provides both 24/7 lead generation via text message as well as a phone agnostic mobile web site that allows buyers to search the entire MLS from the palm of their hands, on their mobile device.

For more information please visit www.mobilerealestateid.com or contact Seth Kaplan at seth@mobilerealestateid.com

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http://www.raineandhorne.com.au/rockingham This Sidewalk built home provides a standard of living which will satisfy even the most discerning of tastes. A great floor plan and spacious rooms give this home usability for family life. Alongside the stunning accommodation, it’s proximity to the outstanding Safety Bay beach make this an intelligent purchase.
Classy and Elegant home with 4 Double Bedrooms all with Built in Robes, 3 Bathrooms and 4 WC’s, entertain a dinner party in the formal Lounge and Dining, and end with a night cap in the bar entertaining area or on the front wrap around veranda with views of Safety Bay Beach. For a more relaxed evening entertain in the large open plan Family and Meals area off the large fully equipped Kitchen or maybe a quiet BBQ with family and friends under the large Alfresco dining while the kids entertain in the central Activity room.
This home will not disappoint your inspection with loaded with extras:
287sqm of Living
Ducted Evaporative Air Conditioning
Insulation
Bore Reticulation
Side Access for Boat/Van parking
Manicured 736sqm corner Block
approx 94mtrs to Safety Bay Beach
A prime location stroll to Beach and enjoy the acrobats of the Wind and Kite Surfers, early morning swims/walks, Fishing, Diving, Boat Ramps all right there and waiting for you also close by Schools, Shops, Bus and Rail Station call David Dennett on 0417 957 540 to arrange an inspection today!

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Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans & Seller Paid Closing Costs. Go To http://RealEstateMarketingThisWeek.com

Part 1 (Excerpt)

Forget the doom and gloom, First Time Home Buyers can buy with FHA

Thanks to my very great friend Brett Fallon for taking the time to be here in studio today. Brett is one of America’s finest financial advisors. And of course the infamous Dan Havey. Now we all love Dan Havey because he was instrumental in getting me into the mortgage industry about 14 years ago. Most importantly, Dan was instrumental in helping us put together the loan modification hotline and he is the author of Real Estates Future.

So today we have a few things we want discussed in regard to the economy, what’s happened, were wrapping up the year. You may have heard about this in the media, of course the media’s job is to scare you. Well our job is to tell you the truth. So Brett you have some data and some information that you wanted to share

Some of the things you hear in the media, you cant escape, its pretty much doom and gloom, sky is falling, this is the next Great Depression. It’s over for all of us and we should all just pack up and go. That kind of stuff is pervasive out there and creates fear and a lot of anxiety amongst people who are either investors, people who are looking to buy a house, looking to refinance a mortgage.

People dont realize there are certain tools that exist that we will talk about during the course of the show today. They should understand that some of the things that we discussed prior to today’s broadcasts were interest rates. Interest rates are at historic lows. Money is cheaper right now than it has ever been. We know the Fed recently reduced the Fed Funds Rate and that is the rate that banks are lending money to one another at.

Right now that rate is zero. Historically, that’s never happened in the United States before. The Fed’s idea is to help to unfreeze this credit market and we keep hearing all this talk about how credit markets are still frozen, that the global recession is deepening, there is evidence to the contrary of that. Some of the moves that the FED is making are working. We’re starting to see, and you and I were talking recently about some clients that were helping in terms of refinancing existing mortgages. Well, if the credit markets are frozen how come we got those loans complete?

Well, that’s a good point, and you got a call I think it was last Monday or maybe the Monday before, someone called you and asked if there was any money to refinance. What can I do? Well the reality of it is there is plenty of money out there for refinances, in some cases there’s issues with property values. That’s why there are different options for those types of people

Well from a buyer’s perspective, todays property valuation is a good thing, if I’m a buyer. Thats a good point too. People are interested in buying and the huge opportunity today. This is an unprecedented opportunity in my opinion, both in terms of the dollar and the real estate market. And for those who understand those dynamics and are willing to entertain the deal, they will be handsomely rewarded. There is no doubt about it.

And as we spoke on the last show, home prices in November for Maricopa County show that the median home price is down as low as $160,000 already. And it reminds me a lot about when I got into the industry, way back in 1989 and the type of financing we had then was FHA and Fannie Mae. And were back to that again now. We’ve got sanity back into the market and home prices have come down. But right now, it’s a perfect time, especially for first-time homebuyers or a move up buyer who can buy under the Fannie Mae limit of $417,000. If you can get into that range, and as we spoke before that 78% of the homes in Maricopa County that sold last month sold for under $250,000. I think that right now is the time just to get out there and find a house to move your family and children into with an FHA loan.

Michael, you don’t have to have exactly perfect credit do you? You can have a couple of dings if need be, right? You’re exactly right, each case has its own merits, every FHA loan is underwritten individually. There are many cases where collections are okay, there needs to be a explanation. You dont have to have the 720 plus credit scores like you do for Fannie Mae and Freddie Mac to get the best rates…

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A Must See! (see pictures online) Lovely 4 bedroom, 3 bath home with a huge backyard, impressive high ceiling entry, hard wood kitchen floor, separate family room, breakfast nook, large living room and many other great features. It is located on a very quite neigborhood, but close to schools, shopping, hospitals and parks. The backyard looks like a park with kids swings, tower and slides. There is even a place to shoot basket balls or try putting on the golf green. Don’t miss out, see it today!

Ernie Cabrera
REAL ESTATE AMERICA
(916) 439-4663
ernie@rearealtors.com
www.rearealtors.com

Listing #10027439
$425,000 (LP)

Price/SqFt: 179.17
102 Alvaston Ct, Folsom, CA 95630 Active (04/20/10)
Beds: 4 Baths: 3 (3 0) (FH) Sq Ft: 2372 Lot Sz: 11238sqft
Area: 10630 Yr: 1994

Directions: From HW 50 go East on E. Bidwell to Oak Avenue Pky going South (left),then right on Riley St, then left on Tindal Way,then right on Kerwin Way, and finally right on Alvaston Ct to address.

Keywords:
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Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation.

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Get the scoop on all the behind-the-scenes work a realtor does for clients. This video is part of Real Estate Survival Guide show

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Real Estate Today, Guam – Segment 10 – April 1, 2009: Fee Simple and Leasehold. *Not a solicitation of other agents listings. Information deemed reliable but not guaranteed.

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HAWAIIS REALTORS SHOWCASE
For more information
please go to
www.HawaiisRealtors.com

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http://www.CottrellRealty.com has this wonderful Town and Country home – Saint Louis MO Real Estate. Incredibly Amazing! This phenomenal newly constructed 4 bed/4.5 bath residence is guaranteed to please. Breathtaking from the curb, it is even more so inside. Gorgeous walnut flooring stretches thru the entry foyer & most of the main floor. The living room features a soaring cathedral ceiling, built-in bookshelves & a toasty fireplace. The elegant dining room has an adjacent wet bar & French doors to the giant screened porch. The chef in you will marvel at the character imbued into this gourmet kitchen & breakfast room. You’ll adore the granite counters, stainless appliances, butler’s pantry & the walk-out to the covered back porch. Next admire the great room with its own fireplace & a great view of the woods. The spacious master suite boasts a marvelous bath with cathedral ceiling, jet tub & more. There are 2 laundry rooms-one on the main floor & one on the 2nd. The huge 3-car rear entry garage can be finished above for additional living space! This is a Must See. Set an appt Today!!!

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