Obama’s stimulus package, Will it help you?| 7500 tax credit| Ocala housing perdiction for 2009

With all this government spending, I am wondering how it is going to help us.  Beside raising our taxes to pay for all this spending, what else do we personally get?   I was reading one of the articles and I found this:

Private-sector economists who support the stimulus plan say that it could be made better, and, yes, bigger.

“I would make the package bigger . . . increase the package to over $1 trillion,” Zandi said.

One change, he said, could be to take the $7,500 tax credit being proposed for home purchases by first-time buyers and apply it to all home purchases, payable at closing. This would help reverse the deep slide in the national housing market.   © 2009, McClatchy-Tribune Information Services.

This, I believe will actually help many people.  I believe that the real estate market directly affect many other business.  If real estate is not moving then the builders, title companies, insurance companies, home inspectors  ect all slow down.

If everyone that buys a home can get up to $7500 and at closing instead of on their tax return, that would help many that are on the fence about buying now or not.   Real estate is picking up in Ocala.  I get a lot of call from tenants that have to get out because their Land lord are not paying their mortgages and now they have 30 days to get out of their home.  That is not fair to the tenants. They need to be able to at least have time to find a place to live.  With the home prices down and interest rate still low, people that are renting can now buy a home for the same price as they are renting for.

I f any one has any questions about what options are available to help these tenant, Call Rhonda.  Here in Ocala, Florida, I am helping many buy a home with zero to little down.  You can always got to www.BucknerHomes.com to search for property that is avaiable in Ocala.Marion County.  Looking forward to helping you.

Ocala Market update Jan 20, 2009

What is happening in Marion County, Ocala, Florida. View the video below to find out market statistics.  Rhonda Buckner is here to help you find your perfect home.  I also help those get their financing in order to buy a home in the future.Give Rhonda a call 352-266-2637

Ocala Marion County Market Udates

5 best reasons to be hopeful about housing in 2009| Help for low income families

1. Cheap mortgage rates Mortgage rates are at their multi year low. Thirty year, fixed rates hit an average of 5.47 percent last week, the lowest they have been since 2004.  Still rates present a welcome incentive for qualified borrower’s to step up to the plate. Lower mortgage rates mean more people will be able to qualify.

2. Lower prices: Home prices at the national level have already fallen 21 percent from their 2006 peaks. While home prices are expected to drop further in 2009, values Ocala’s markets are already at levels low enough to tempt bargain hunters. “Falling home prices aren’t part of the problem, they are part of the solution,” says Mike Larson, a real estate analyst at Weiss Research.

3. Fewer housing starts: In the face of dwindling demand, home builders have been forced to sharply pull back on new construction. The government reported Tuesday that November housing starts dropped to their lowest level since 1959.  While that’s bad news for the economy-because it means fewer jobs for builders and others-it’s an important step in bringing housing supply back in line with demand.

4. Obama stimulus: In an attempt to hoist the economy out of its rut, President-elect Barack Obama has announced plans for a massive federal spending program. The initiative is expected to put between $500 billion and $1 trillion into infrastructure repair and other projects in an effort to keep Americans working.

5. Credit programs: It will be tough for the housing market to come back to life until the credit markets-which have been log-jammed by fear for more than a year-begin to unlock.  Here in Ocala, Community Service has been given a grant of $6 Million dollars to help the lower income family.  They will be buying the vacant pre forclosure or foreclosed homes.

As a Realtor in Ocala, Florida, I have been watching the market.  We have come down in home values far more than we went up in the last few years.  Home prices are below what they were in 2004, when Marion County was the best valued homes in the state.  With the opportunities out there, the first time home buyer should be searching for that perfect home.  If your low income, you get assistance and you still get the tax credit, that is if you buy before July 1, 2009.  I believe it is a great time to buy because the interest rates low, short sales every where and foreclosures available.

If you do not know where to start or you just have questions, give me a call 352-266-2637.  I am always here to help.  You can always do property search at www.Bucknerhomes.com.