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Home The News $8,000 Tax Credit

$8,000 Tax Credit

Monday, 01 December 2008 19:04 Christopher Graham
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If you are a first-time home buyer or haven't owned a home in the last 3 years, then you are eligible for a limited-time tax credit up to $8,000.  This is not just a deduction, but a credit against any Federal taxes you owe.  So if you owe $5,000 in taxes you could actually end up getting a $3,000 refund!  The home must be purchased between April 9, 2008 and July 1, 2009.  There are additional requirements, so consult with your tax advisor.  You can find more information at www.federalhousingtaxcredit.com
Last Updated on Monday, 04 May 2009 13:13  

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CHARLOTTE, N.C. – CRRA reports on the residential real estate market in this region based on Carolina Multiple Listing Services, Inc. (CMLS) data.  The number of closings for March 2009 (1,671) rose 24 percent over last month when closings totaled 1,348.  Closings compared to the same period a year ago (2,659) decreased 37.2 percent.  The average sales price for March 2009 ($191,433) increased 4.7 percent over last month ($182,865) but is down 13.2 percent when compared to March 2008 ($220,620).  The average listing price of solds in March 2009 ($216,135) decreased 7.6 percent over  March 2008’s average list price of $233,882 and increased 4.8 percent over last month’s list price ($206,172).