Housing Market Is Turning: Purchase Madison MS Real Estate and Grab Your $8,000 First-Time Homebuyer Tax Credit
Don’t wait to grab your $8,000 first-time homebuyer stimulus tax credit! Purchase your Madison MS real estate home or condo before the tax credit for first-time homebuyers expires on December 1, 2009.
The national housing market has continued to improve this year as first-time homebuyers take advantage of the stimulus tax credit. July 2009 home sales rose 7.2% to an adjusted annual rate of 5.24 million which is higher than the 5.0 million economists expected. Home foreclosures continue to make up a good part of home sales. As more foreclosures hit the market, there will be lots of great deals and more homes to choose from.
The local Madison County real estate market is improving and home sales were up 21% in July with 150 closings compared to 118 closings in June. The first-time homebuyer tax credit is helping to turn our local market around.
If you’re thinking about purchasing Madison MS real estate, you need to act now. Unless congress extends the first-time homebuyer tax credit, you’ll need to purchase and close your escrow by November 30, 2009. Get involved: Call your Senators and Congressmen and tell them to extend the homebuyer tax credit!
Besides the Federal Tax Credit, there are Madison County homes, condos and properties that are 100% financing eligible for Rural Development money. Or, you may be able to get up to 3% for your down payment from the Mississippi Home Corporation. NOW is a great time to buy a home!
Are you ready to look for a new home? I would love to talk with you and find out what type of home or condo you’re looking for. There are many homes for sale on the Madison MS real estate market and I can help you find one that fits your needs and price range.
To get your tax credit, call me today at 601-942-3392 or email Paula@PaulaRicks.com.
Paula Ricks
Coldwell Banker Nell Wyatt, Inc.
Ridgeland, Mississippi
www.PaulaRicks.com
Paula@PaulaRicks.com
Call direct: 601-942-3392
