Potential home buyers who delay have a lot to lose.
First-time home buyer and move-up tax credits worth $8,000 and $6,500, respectively, expire April 30. Buyers who qualify get a dollar-for-dollar reduction in taxes, or a cash payment, if they don't pay enough taxes to cover the credit.
Other factors that should spur buyers:
Low mortgage rates. If the Federal Reserve stops buying mortgage-backed securities at the end of March, 30-year rates will almost certainly rise to more than 6%. Freddie Mac documented a decline in mortgage rates during the week ended March 4, with 30-year fixed home loans slipping to 4.97% from 5.05% and 15-year interest averaging 4.33%.
Rising prices. About 30% of markets are already experiencing price increases. Prices are falling in 12% of markets, says Fiserv (but that only helps if you want to live there).
FREE DETAILED HOME INFORMATION!
Find Out Detailed Home Information on Any Home Listed For Sale in the Dayton Area using a new system that searches Multiple Listing Services (MLS) records daily and e-mails the information directly to you including addresses, prices and photos ...it's simple, automated, and dependable.
Look For Homes Without The Hassles at www.daytonpropertyfinder.com