Franklin NC Real Estate Sales to benefit from $8000 Tax Credit

Franklin NC Real Estate Sales to benefit from $8000 Tax Credit

News from the National Association of Realtors website that will have a great and positive impact on the Franklin NC  economy. I can tell you that real estate sales and activity in Franklin is picking up briskly. My collegues around Franklin are reporting the same increase as I am.

Tax Credit Can Be Used for Down Payment
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, recently said the Federal Housing Administration is going to permit its lenders to allow homebuyers to use the $8,000 tax credit as a down payment. The move will allow eligible homebuyers to access the funds immediately at the closing table.
http://www.realtor.org/RMODaily.nsf/pages/News2009051202?OpenDocument

Are Banks Making Short Sales a Long Process?
Short sales are making up a larger percentage of distressed home listings in several of the harder hit markets around the country. Local real estate agents say banks are continuing to drag their feet on approval.
http://rismedia.com/2009-05-10/are-banks-making-short-sales-a-long-process/

U.S. Bill Calls for Probe of Chinese Drywall
The first piece of federal legislation related to defective Chinese drywall has been passed by the U.S. House of Representatives, a local Florida newspaper reports. The bill calls for an investigation into the effect of defective Chinese drywall on foreclosures.
http://www.realtor.org/RMODaily.nsf/pages/News2009051106?OpenDocument

Despite Downturn, Visitor Spending Increases
Travelers in North Carolina spent $16.9 billion in 2008, and the state became the sixth most visited in the nation, according to recent reports. Visitor spending increased 2.1 percent from a record $16.5 billion in 2007.
http://www.bizjournals.com/triangle/stories/2009/05/11/daily27.html

Use the First-Time Homebuyer Tax Credit to Build Business
The first-time homebuyer tax credit is an incentive you’d expect consumers to be clamoring about. But many practitioners are astounded to learn that buyers in their markets who are prime candidates for the credit aren’t even aware of it. That’s where you come in. Follow the link below for tips on getting the word out.
http://www.realtor.org/rmonews_and_commentary/
articles/2009/0904_taxcredit

Franklin NC Real Estate – Macon County NC- Otto,NC
John Becker / Bald Head – your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head, provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, and the Great Smoky Mountains. Call 828-506-3719.

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