Posts from July 31st, 2009

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$8K attracts first time homebuyers - WKRN Nashville News 2

July 31st, 2009 by Anonymous

Posted: Jul 30, 2009 9:34 PM CDT

SMYRNA, Tenn. - The housing market's lower prices coupled with an $8,000 tax credit are prompting some younger Middle Tennessee to consider buying their first home.

For the third straight month, sales of new single family homes have risen. In June, sales jumped 11%.

"The phone calls are coming in, people are asking about the tax credit," Crye-Leike realtor Heather Karl told News 2. "They want to be informed."

Through November, first time homebuyers qualify for the $8,000 tax credit and so do those who have not owned a home in three years.

Some say the deal is simply too good to resist.

"If they need to buy their furniture, buy their appliances, they can pay off debts, anything to be able to get in...

Click Here to Read More...

Categories: Crye-Leike in the News