Mary Ann Clark, Graduate Realtor Institute, Accredited Buyer Representative is a Realtor with Coldwell Banker, 177 West Putnam Ave. She is licensed in Connecticut and New York. Comments or questions, call 249-2244 or e-mail
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Extended offer
Written by Mary Ann Clark
Thursday, 19 November 2009 00:00
The U.S. Senate and House of Representatives have passed a bill that included an extension and expansion of the present home buyer tax credit. Current homeowners are now eligible for the tax credit. The president last week signed the bill into legislation. National Association of Realtors (NAR) economists estimate the current tax credit contributed about $22 billion to the overall economy. NAR also estimated that about two million people will take advantage of the tax credit.
Adapting to change
Written by Mary Ann Clark
Thursday, 12 November 2009 00:00
September results
Written by Mary Ann Clark
Thursday, 05 November 2009 00:00
The National Association of Realtors (NAR) released the Existing-Home Sales Index for September. It increased 9.4% for all housing types. This is the fifth consecutive month that it has increased and is attributed to first-time buyers. According to Lawrence Yun, the chief economist of NAR, a “steady supply of qualified buyers” is needed to reduce inventories, to stabilize home prices and get our economy back on track. Banks also need to increase loans and expedite the loan process to better contribute to our economic recovery.
A silver lining
Written by Mary Ann Clark
Wednesday, 28 October 2009 23:00
According to the Connecticut Labor Department, there was a spike of 1,200 additional jobs in the construction industry last month. This is the largest gain in this sector in almost two years. However, the increase was not enough to offset the 500 jobs lost in the finance and insurance industry, the 500 jobs lost in manufacturing, the 2,000 jobs lost in educational services and the 1,900 jobs lost in transportation and warehousing.
Homebuyer incentive
Written by Mary Ann Clark
Wednesday, 21 October 2009 23:00
The first-time home buyer credit is set to expire on Nov. 30. Potential home buyers are working with real estate agents to see if they have sufficient time left to close on a home. This tax credit applies to homes purchased in 2008 and 2009. What are the key requirements and benefits of this incentive?
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