Charlotte NC Real Estate (www.NealSaunders.com)

Market News


 $8000 tax credit for new homeowners.  According to the National Association of Realtors, these pieces are included:

http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home?lid=ronav0019

http://www.realtor.org/government_affairs/gapublic/uae_hr1_additional_provisions  

Wall Street Journal Article on proposed tax credit

http://online.wsj.com/article/SB123414270675561877.html 

Senate Unanimously Approves Isakson Amendment to Stimulate Housing Market
Homebuyer Tax Credit Revived Market in 1975 and Would Work Today

WASHINGTON – The U.S. Senate today unanimously approved an amendment by U.S. Senator Johnny Isakson, R-Ga., to stimulate the nation’s declining housing market by offering a $15,000 tax credit to individuals who purchase a home in the next year.

 

Charlotte is still one of the strongest markets in the country!

http://www.charlotteobserver.com/597/story/442823.html 

 

Interest Rates are dropping!  The Federal Reserve dropped it's rates to near 0% and that is showing in mortgage rates.  Check out this article from the National Association of Realtors.

http://www.realtor.org/press_room/news_releases/2008/fed_action_creates_best_interest_rates?lid=ronav0022

 


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