The RE/MAX Monthly Housing Report shows that U.S. home sales rose 7.2 percent in June over May. The U.S. Homebuyer Tax Credit brought a lot of buyers out last fall and again this spring, which stimulated sales during that time period.
While that heightened volume cannot be sustained, home sales and prices still remain higher than last year due to historically low interest rates and the lowest home prices seen in years. The monthly survey of 54 metropolitan areas also reveals that closed transactions in June were 5.6 percent higher and that prices rose 3.5 percent when compared to June 2009.
“There’s no question, the tax credit has had a significant impact on this market,” says RE/MAX CEO Margaret Kelly. “No one can predict the future, and we may still see a slight pull back, but for right now it appears that housing is holding its own, hopefully on the road to a sustainable recovery.”
Responding to demand, home prices appear to be stabilizing and slowly inching higher. The weighted average of all median sales prices for June was $211,530.
story from www.remax.net
Showing posts with label Education. Show all posts
Showing posts with label Education. Show all posts
Wednesday, July 21, 2010
Friday, July 2, 2010
Close by Sept. 30 to Receive Homebuyer Tax Credit
Close by Sept. 30 to Receive Homebuyer Tax Credit
U.S. homebuyers who are eligible for a Homebuyer Tax Credit have until Sept. 30 to close the transaction and receive the credit.
Congress has extended the closing deadline, which had been June 30, by three months. The action affects an estimated 180,000 homebuyers who, because of circumstances beyond their control, had been unable to close on their purchase by the original deadline.
One factor in the backlog is that many of these transactions are Short Sales that often require extended time to complete.
RE/MAX has more than 15,000 agents specially trained in working with Short Sales and in helping homeowners avoid foreclosure.
Buyers who secured a purchase contract by April 30 are eligible to receive the credit. This is money that never has to be repaid, provided you live in the home for three years.
Qualified first-time buyers can receive a credit of 10 percent of the home price up to $8,000. You are considered a first-time buyer if neither you nor your spouse has owned a principal residence in the U.S. in the last three years. Homebuyers who owned and lived in their principal residence for five consecutive years of the last eight are eligible for a credit of up to 10 percent of the purchase price, up to $6,500.
The National Association of Realtors estimates that 4.4 million people have received the credit since it was made nonrefundable in 2009. That includes 2.9 million first-time buyers and 1.5 million repeat buyers.
Other facts about the Homebuyer Tax Credit:
The upper income limit to receive the full credit is $125,000 for individuals and $225,000 for couples.
If the purchase price is more than $800,000, you are not eligible for the credit.
You can apply the credit to the 2009 or 2010 tax years. There is no minimum income for claiming the credit. You qualify for the full credit even if you won’t owe any taxes for 2009 or 2010.
information from: WWW.RE/MAX.com
Thinking of joining a RE/MAX please go to: www.joinremax.com
U.S. homebuyers who are eligible for a Homebuyer Tax Credit have until Sept. 30 to close the transaction and receive the credit.
Congress has extended the closing deadline, which had been June 30, by three months. The action affects an estimated 180,000 homebuyers who, because of circumstances beyond their control, had been unable to close on their purchase by the original deadline.
One factor in the backlog is that many of these transactions are Short Sales that often require extended time to complete.
RE/MAX has more than 15,000 agents specially trained in working with Short Sales and in helping homeowners avoid foreclosure.
Buyers who secured a purchase contract by April 30 are eligible to receive the credit. This is money that never has to be repaid, provided you live in the home for three years.
Qualified first-time buyers can receive a credit of 10 percent of the home price up to $8,000. You are considered a first-time buyer if neither you nor your spouse has owned a principal residence in the U.S. in the last three years. Homebuyers who owned and lived in their principal residence for five consecutive years of the last eight are eligible for a credit of up to 10 percent of the purchase price, up to $6,500.
The National Association of Realtors estimates that 4.4 million people have received the credit since it was made nonrefundable in 2009. That includes 2.9 million first-time buyers and 1.5 million repeat buyers.
Other facts about the Homebuyer Tax Credit:
The upper income limit to receive the full credit is $125,000 for individuals and $225,000 for couples.
If the purchase price is more than $800,000, you are not eligible for the credit.
You can apply the credit to the 2009 or 2010 tax years. There is no minimum income for claiming the credit. You qualify for the full credit even if you won’t owe any taxes for 2009 or 2010.
information from: WWW.RE/MAX.com
Thinking of joining a RE/MAX please go to: www.joinremax.com
Tuesday, February 16, 2010
Education in the North Myrtle Beach
North Myrtle Beach is full of educational opportunities, whether you are enrolling your child in preschool, finding a specialized program for your gifted teen or heading back to school as an adult. Horry County Schools system serves a community of approximately 217,608 residents. It is the third largest district in South Carolina and growing! The Horry County Schools system has received many distinctions and awards for excellence in education. The goal of Horry County Schools system is to become the highest performing school district in South Carolina. We are pleased to offer you the following North Myrtle Beach area schools and places of higher education:
North Myrtle Beach Primary School
901 11th Ave N
North Myrtle Beach, SC 29582-2509
(843) 663-0195
Fax: (843) 249-8638
North Myrtle Beach Elementary School
1283 Highway 57 S
Little River, SC 29566-7009
(843) 399-8800
Fax: (843) 399-2250
North Myrtle Beach Intermediate School
700 Sandridge Rd
Little River, SC 29566-7505
(843) 399-2204
North Myrtle Beach Middle School
11240 Highway 90
Little River, SC 29566-6724
(843) 399-6136
Fax: (843) 399-2233
North Myrtle Beach High School
3750 Sea Mountain Hwy
Little River, SC 29566-7860
(843) 399-6171
Fax: (843) 399-6509
North Myrtle Beach Primary School
901 11th Ave N
North Myrtle Beach, SC 29582-2509
(843) 663-0195
Fax: (843) 249-8638
North Myrtle Beach Elementary School
1283 Highway 57 S
Little River, SC 29566-7009
(843) 399-8800
Fax: (843) 399-2250
North Myrtle Beach Intermediate School
700 Sandridge Rd
Little River, SC 29566-7505
(843) 399-2204
North Myrtle Beach Middle School
11240 Highway 90
Little River, SC 29566-6724
(843) 399-6136
Fax: (843) 399-2233
North Myrtle Beach High School
3750 Sea Mountain Hwy
Little River, SC 29566-7860
(843) 399-6171
Fax: (843) 399-6509
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