Possible extension on tax credit for buyers. Read the article below:

http://www.wsoctv.com/news/23926050/detail.html?taf=char

It was an interesting week in DC meeting with Congressmen and trying to get answers on real estate oriented bills. It is scary that they are not willing to extend the National Flood policy for one year because they can’t figure out how to fund it. So what happens now that they have passed a national health bill. Will they do the same thing? This is very scary!!

Home sales are up! According to NAR pending home sales are up  21.1% from March 2009 to March 2010.

Click here to read the full article.

Click here to watch a short video on our new property at 120 Sans Souci.

The Charleston Trident Association of Realtors® announced statistics for March 2010. Inventory for single family homes was down from March 2009, and sales have increased by 6.6% over the last year.

I came across an article yesterday that briefly described the tax consequences in regards to Obama’s health care package. Specifically regarding real estate the new bill imposes a 3.8 percent tax on home sales and all real estate transactions.

href=”http://www.postandcourier.com/news/2010/apr/12/area-home-sales-22-march-trade-group-says/”>

Important information on Short Sale Property: http://www.postandcourier.com/news/2010/apr/06/more-help-for-homeowners/

the National Association of Realtors said the number of people who agreed to buy previously occupied homes rose 8.2 percent in February. The index is considered a signal of future sales activity.

Home sales had been sluggish during the winter, partly because shoppers felt less rushed after lawmakers extended the deadline to qualify for a tax credit. The new deadline is April 30.

http://www.postandcourier.com/news/2010/apr/06/services-housing-spur-new-optimism/