Real Estate Information Archive

We want to let you know that many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the government's stimulus spending. The chart below demonstrates just how historically low interest rates are. Take a look at where rates were in the early eighties - the last time inflation skyrocketed.

Now is still a great time to buy with prices down as much as 15% from their peaks, the $8,000 first time homebuyer tax credit for buyers who have not owned a home in the last three years has been extended, and now some homeowners who have owned their home for at least five years may qualify for a new tax credit! 

Please contact us for further details!

As you've heard the First-Time homebuyer tax credit has been extended and they are now offering a Repeat-Buyer tax credit for people who have owned their current homes for at least five years.  You can view the video below put out by NAHB (National Association of Home Builders) or visit http://www.federalhousingtaxcredit.com/ for further details.

The Wall Street Journal asked six experts which 10 cities they felt would emerge as post-recession meccas.  Their panel of demographers, economists, geographers and authors on urban issues—picked their cities based on the criteria they deem most important, from economic diversity to lifestyle.

Here's the top-10 list:

1. Seattle (tie)

1. Washington DC (tie)

2. New York

3. Portland, OR

4. Austin, TX

5. San Jose, CA

6. Denver, CO

7. Durham, NC

8. Dallas, TX

9. Chicago

10. Boston