Posts Tagged ‘internal revenue service’

As is often the case, misinformation can make a wave when it shouldn’t be a ripple. I heard two people discussing today the ending the the Home Buyer Tax Credit. They were saying that it ended March 31, which is wrong. The Eugene/Springfield, Lane County, Oregon real estate market has been benefited by the extension of the First Time Home Buyer Tax Credit and expansion to the “move-up” home buyers. Those tax credits are available to qualified buyers on accepted offers until April 30 on purchases that close on or before June 30, 2010. Read More

The headline says it all. Short term interest rates that banks pay each other will stay the same. Prime rate will stay the same. Mortgage interest rates will undoubtedly go up at least by the end of March. An interest rate spike could make the fragile Oregon housing market continue to struggle to recover. The Eugene and Springfield areas could just be getting shoring up and drop down again. Read More

I am attempting to determine if a webinar for my readers to discuss the Home Buyer Tax Credit is a good idea. This venue will be presented so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation. Right now, I am wondering if there would be the required audience for such a presentation.If you are interested in this sort of presentation, please take a minute and fill out the following form. I need to know that there is interest in this type of presentation before I take the time to set up the program and schedule the people that will assist in answering questions. I expect to partner with a Realtor and Financial Planner to make sure the proper information is available. Read More

OK, according to the latest version of the Homebuyer Tax Credit, if you have owned a home consecutively for 5 of the last 8 years, you are eligible for a $6,500 tax credit if you purchase a new home, the move up buyer tax credit. In addition, if you haven’t owned a home for the previous 36 months, you are eligible for the $8,000 First Time Homebuyer Tax Credit. Read More