Home Creations News

Those who hesitate miss the rebate

First-time home buyers, I’m talking to you. Now is definitely a great time to be in the market for a new home. Not only can you qualify for up to an $8,000 tax credit on your next tax return, you are eligible for a 3.5% down payment assistance bond offered by the Oklahoma Housing and Finance Agency (OHFA). Couple that with already low mortgage interest rates and you can see why now is the time purchase that dream home you have always wanted. However, time is starting to run out. In order to receive the tax credit, you must close on …

Newlyweds & new homes

I’ll be attending my fourth wedding this weekend (congrats to Home Creations awesome graphic designer and her future hubby). Two of the four couples tying the knot this summer already own homes; the other two are renting. A smart, practical thought: while it’s nice to register for cookware and linens, brides and grooms should also start a new home savings account. Ask friends and family members to contribute toward down payment, closing costs and pre-paids. The $25 or $50 spent on blenders and blankets could be better utilized toward a new home. New life, new wife, new home. Life doesn’t get …

Home Buyer Tax Credit Still Available

Heard today that the government’s Cash for Clunkers program is already out of money. On a positive note, it’s good to know there is no cap on the funds available for the $8,000 home buyer tax credit. All first-time buyers or those who haven’t owned a home in the last three years have to do after they close is fill out a special IRS form and submit it when they send in their federal taxes. Buyers must close by Nov. 30, 2009. Kudos to the government for realizing it’s more important to turn Americans into homeowners rather than turning them …

Housing News – Home Sales Are Up!

Great housing news this week – new homes sales rose 11% in June! Headline News reported that one out of every seven homes sold is a new one. The upturn in sales is attributed to continued low mortgage interest rates and the $8,000 home buyer tax credit. Consumer confidence in the real estate market is returning, and those of us in the new home industry are keeping our fingers crossed that the confidence continues to rise. New home sales affect sales in furniture stores and home improvement stores. It may also spur new car sales. After all, who wants to …

Home Buyers & Energy Efficiency

Interesting stats from the National Association of Realtors: 92% of all home buyers consider energy efficiency at least somewhat important with 46% ranking it as very important when considering a home for purchase. 50% of repeat buyers report that energy efficiency is very important to them as compared to 41% of first-time buyers. 65% of new home buyers report that energy efficiency is very important as compared to just 39% of existing-home buyers. 32% of buyers aged 18-24 report that energy efficiency is important, and that number steadily increases to 63% of buyers over 75. Only 44% of buyers born in the US …