Posts Tagged ‘rural development’
Northwest Indiana Buyers Get Homes and Tax Credits
January 2nd, 2010 | 
Author: According to a recent article in the Northwest Indiana Times, single-family home sales in Northwest Indiana powered to a year-over-year 48 percent increase during November. These figures come from the Greater Northwest Indiana Association of Realtors.
“This clearly is a rush of first-time buyers not wanting to miss out on the tax credit, but there are many more potential buyers who can enter the market in the months ahead,” said Lawrence Yun, National Association of Realtors‘ chief economist.
A lot of these sales in November are because of the proposed end of the Home Buyer Tax Credit at the end of November. With this program being extended to include all sales contracts written before April 30, 2010 and a $6,500 credit for some move-up home buyers, we may see better sales in the spring also.
Another factor in the sales increase is the great interest rates seen in November and into December. While rates have started to trend up a little going into the holidays, they are still very low and now is still a great time to think about buying or refinancing.
Another reason to purchase now… USDA Rural Development loans still offer 102% financing.
To get more info, contact me at 219-695-0369 or email scott@nwiloanguy.com.
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