$8,000 homebuyers tax credit extended. Not just 1st time buyers.

President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday.

The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income limits were also raised: Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.

The bill also made more homeowners eligible to claim the credit on their taxes. First-time buyers -- those who have not owned a home in the past three years -- still qualify for an $8,000 rebate. But now people who want to trade up can also qualify. Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.

Full story by Les Christie, CNNMoney.com

If you would like to take advantage of this credit. Please call Dave at 321-508-2669

Foreclosures Down

New foreclosure filings in Brevard County were down in September to their lowest level this year. A preliminary count shows there were 688 new foreclosure filings last month, down from 772 in August and 862 in July.

That's the second consecutive month of declines. Full Story By JOHN MCCARTHY • FLORIDA TODAY

Homes For Under 100k

Five years ago, a buyer asking to look at homes for sale under $100,000 might have been laughed out of Brevard County. Today, that same buyer would have a wide selection of properties to choose from. The availability of the price point comes just in time for first-time buyers hoping to close on a home by Nov. 30, the final day to qualify for the federal government's $8,000 income tax credit. Full Story By Anne Straub. Florida Today.

If you are interested in taking advantage of the tax credit and falling prices, let me work for you.

Dave Silver

Devin Realty Inc.

www.DevinRealty.com

$399 Flat Fee MLS Listing

• List your home in the MLS and Realtor.com the #1 tool for Buyers on the Web.
• One year listing ($100 per additional year)
• 3 Free Listing Modifications ($20 per additional Modifications).
• Enter up to 10-16 Property Photos depending on MLS board (Photos taken by the Owner)
• MLS Submission Form (Filled out by the Owner).
• Custom Web Page for your own personal marketing campaigns until your home sells.

• You decide how much to offer an Agent that finds a Buyer for your home (Typically 2-3% of the selling price).
• If you find the Buyer yourself, pay no Buyer’s Agent Commission.  

For more information on this product go to www.399mlslisting.com or contact Dave Silver at 321-508-2669

Are we seeing the light at the end of the tunnel?

New home sales rose last month at the fastest clip in more than eight years as buyers across the country eagerly took advantage of bargain prices -- a clear sign, economists said, that the real estate market may finally be bouncing back.

Historically low interest rates and a federal tax credit for first-time homeowners also helped push home sales to their highest level since November, the Commerce Department reported Monday.  Full Story by Florida Today and Wire Reports

Air show expected to pack Brevard beaches

A new air show is coming to the beach in Brevard County, providing a spectacle for viewers and, organizers hope, a boon for the tourism industry during a traditionally slow period.  Full Story by Keilani Best of Florida Today

Energy Efficiency Tax Credits. Do You Qualify?

Homeowners don't need to be in the housing market to take advantage of government incentives to stimulate the economy. They may be able to claim tax credits for making improvements to their current home.  Full Story  By Anne Straub for Florida Today