Tag Archive: 1st time buyer credit

Twin Cities Sudden Buyer’s Market

In just a few short months we've seen the number of houses available for sale per buyer (8.64) climb to levels we have not seen since late 2008 and up a whopping 63% from August last year!

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No Houses Left for First Time Buyers

In the last few months we've seen a flurry of sales as first time buyers are trying to close on a home purchase before the $8000 tax credit expires on November 30th (maybe).This has largely lead to the precipitous decline of available inventory on the under $190k and brought Months supply of homes ...

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HUD: Tax Credit Can Be Used on Closing Costs

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.Under the guidance, FHA-approved lenders can ...

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