Wilmington NC Real Estate Home Buying Tips and $8,000 Home Buyers Tax Credit Tips

New & Improved Homebuyer Tax Credit Video!
Watch & share with your clients the latest featured video explaining the new tax credit on THEwilmingtonMLS.com by clicking on the image below. This video is also available to be watched from the REALTOR® video library at WRAR.com/TV.

New & Improved Homebuyer Tax Credit Video

Still Just Linking the PDF Version of the Working with Real Estate Agent's Brochure?
Offer your clients a new, more innovative way to learn about "agency" with the new Working with Real Estate Agents Video! Simply paste the following link below in your emails, email signatures, and other forms of communications to direct your clients to watch this video at any time on the THEwilmingtonMLS.com.

Direct Video Link:
http://www.thewilmingtonmls.com/tv?bcpid=44283652001&bclid=48340581001&bctid=45765088001

State says Project Prevented 2,500 N.C. Foreclosures
A state foreclosure prevention project has enabled over 2,500 North Carolina home owners to avoid foreclosure and has provided financial and mortgage problem advice to 5,000 more, the North Carolina Office of the Commissioner of Banks said last Monday. Click Here to read more.

Wilmington NC Real Estate New Home Listings, Save on your Taxes and $8,000 Tax Credit Extended

Take advantage of the extended $8,000 Home Buyers Credit Wilmington NC Real Estate Home buyers - See my Wilmington New Homes listings Link below:

http://www.coastalrealtyandmgmt.com/

The Role of Housing in Recession Cycles

Housing plays a substantial role in the U.S. economy. One method of measuring the impact of housing in the economy is to calculate the total amount of capital exchanged in home construction, remodeling, and fees associated with the buying and selling process. Together, this sum is known as the residential fixed investment (RFI). The RFI has averaged 4.8% of the U.S. gross domestic product (GDP) since recordkeeping began in 1947. If you add household-related investments, furnishings and rents to the RFI, the contribution of housing to GDP has averaged about 21% since 1947.

Housing is considered a leading indicator of economic cycles. The housing market will slow in advance of a recession, indicating an economic contraction. Conversely, the housing market tends to expand before the end of a recession. RFI often turns positive one-to-two quarters prior to the end of a recession. In six out of the last nine recessions since 1947, RFI turned positive during or before the final quarter of the contraction.

Wilmington NC Real Estate Tax Credit and Home Sales on the rise

New Home Sales Rise in October
New home sales rose 6.2 percent in October compared to September, according to a report released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. The increase was 5.1 percent above the October 2008 level.
http://www.realtor.org/RMODaily.nsf/pages/News2009113001?OpenDocument

Brokers: Know the Revised Homebuyer Tax Credit
In early November, President Obama signed legislation that provides a $6,500 tax credit for some current homeowners who buy another home, and also extends the $8,000 tax credit for first-time homebuyers, scheduled to expire Nov. 30, until next spring. While there is a lot of excitement over the extension and expansion of the tax credit, there is also a lot of confusion. Follow the link below for the most common questions regarding the revised homebuyer tax credit. http://www.usatoday.com/money/perfi/columnist/block/2009-11-23-home-tax-credit_N.htm

SEE MY LATEST WILMINGTON NC REAL ESTATE LISTINGS AS WELL AS THE WRIGHTSVILLE BEACH AREA OF NEW HANOVER COUNTY.
http://www.coastalrealtyandmgmt.com/