Doug Reynolds's (dougreynolds) Blog

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Real Estate Agent - Better Homes & Gardens Real Estate

ARCHIVED BLOG POSTS

2009 

There are a number of personal and emotional reasons to buy a home. But there are also some strong financial reasons to make the investment. In addition to exceptional home affordability and near historic interest rates, here are some important financial benefits of owning a home: Increased Net W...
09/29/2009
NEW YORK (CNNMoney.com) -- More than 1.4 million Americans have already claimed the new tax credit for first-time home buyers, according to a report from the Internal Revenue Service. The credit, which applies to sales as of January 2009, is good for 10% of the price of a home, up to $8,000, and ...
09/28/2009
As expected, the Fed did not touch interest rates, but the statement was a market mover. The Fed said they are going to draw out the remaining commitment of Mortgage Backed Security purchases through the first quarter of 2010. There will be no additional buying, but instead, a longer weaning off ...
09/24/2009
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The current tax credit provision for first-time homebuyers, passed as part of the American Recovery and Reinvestment Act, expires December 1, 2009. According to the most recent data from the Department of the Treasury, nearly 530,000 Americans have applied for the tax cut to help them purchase th...
09/22/2009
An update on the $8,000 tax credit for First Time Home Buyers. White House spokesman Robert Gibbs said this week that the administration is evaluating the program and the effect it has had on home sales and will soon make a recommendation to the President. There is proposed legislation in the Hou...
09/18/2009
09/18/2009
Legislation aiming to extend California's maximum $10,000 new home buyer tax credit to several thousand more buyers has stalled, failing to pass during a frantic weekend rush to adjournment by the state Legislature. The bill, AB 765, was among those pushed aside by bigger final-hour statewide iss...
09/14/2009
Breaking a period of stagnation, the median sales price moved slightly in August, increasing 5.6% over July's median sales price. Sales volume, however, decreased month-over-month. Single family home sales topped out at 1,683 in August, an 8.9% decrease from the 1,848 sales of July. Year-to-year,...
09/14/2009
California bill would extend tax credit on new homes By Jim Wasserman Published: SacBee Wednesday, Sep. 9, 2009 - 12:00 am | Page 8B A popular state tax credit of up to $10,000 that helped sell hundreds of new houses throughout the Sacramento region earlier this year appears to be coming back. A ...
09/10/2009
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·          Many first-time buyers are using their $8,000 federal tax credit to remodel or purchase new appliances for their homes.  When buying a new refrigerator, consumers should look for one that's inverter-compressor powered.  Unlike conventional compressor-powered units, the inverter compres...
09/08/2009
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Doug Reynolds

Realtor - Sacramento, CA
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