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[11 Jul 2010 | No Comment | 1,286 views]
Home buyer tax credit extension approved, but what about Rural Development?

Home buyers got some good news at the first of July – the deadline to close on transactions for those wanting a tax credit was extended by Congress to Sept. 30.
Of course, we’ve been operating under one tax credit for home buyers or another since 2008. The most recent credit gave eligible new buyers up to $8,000 and repeat buyers up to $6,500.
People wanting to take advantage of that credit were instructed to get homes under contract before May 1 and close on them before July 1. According to the …

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[3 Jul 2010 | 6 Comments | 2,291 views]
The home buyer tax credit isn’t over for military personnel, others

For most people, the first time and repeat home buyer tax credits ended after April 30.
The government has made an exception for certain military personnel and other people stationed away from home. Those individuals have an extra year to file for and receive a first time or repeat home buyer tax credit.
The people who have an extra year to receive a credit are members of the uniformed services, Foreign Services or are employees of the intelligence community and were on qualified extended duty for at least 90 days during the …

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[27 Jun 2010 | 3 Comments | 2,266 views]
It’s oddly quiet when it comes to Rural Development

For the past couple of months, both mortgage bankers and Realtors throughout Arkansas – and the nation – have been waiting to hear news about more federal money heading for the United States Department of Agriculture’s Rural Development.
We’ve not heard a whole lot about that program from politicians in Washington lately and that’s odd.
The Rural Development program has been a boon to real estate sales in Arkansas. Simply put, people buying homes backed by that program have been able to secure now uncommon “zero down” mortgages.
Here in Arkansas, people purchasing …

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[11 Jun 2010 | No Comment | 971 views]
Curb appeal — perhaps more important now than it has been in a long time

According to the latest housing market report from the Arkansas Realtors Association, sales have been up lately.
Of course, we’re well aware a lot of those sales were driven by the first-time and repeat tax credits for buyers that expired at the end of April. It remains to be seen how sales will fare now that the credits are gone, but we’re at least encouraged by mortgage interest rates that are reaching record lows.
When those rates are combined with generally declining list prices, we could well be looking at a situation …