Monday, November 30, 2009

Anne Arundel County, MD - October 2009
In spite of a 44.25% increase in units sold over October 2008, 2009 average sales price drops 7.97%

Friday, November 27, 2009

Anne Arundel County, Maryland - October real estate sales show a 44.25% gain in units sold in October 2009 over October 2008. Source-MRIS

Saturday, November 7, 2009

Eastern Shore Home - New on the Market


Located in  Queen Annes County is the 3 bedroom rancher on a 1 acre lot.
Get all the details here: http://bit.ly/1UTDp1

$8,000 1st-time Buyer credit extended

The President signed legislation today extending tax credits for buying a home through the end of April 2010.
  • First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.  
  • In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. 
  • Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
 
  • Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home.
  • This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.
  • In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
Higher Income Caps:
  • The amount of income someone can earn and qualify for the full amount of the credit has been increased.
  • Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible
  • Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.