Kim Darwaza Northern Virginia Real Estate

The United States Senate is expected to vote, later today, on a bill to extend Unemployment Insurance benefits.  This bill will contain the Dodd - Lieberman - Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit.  The Extended and Expanded Tax Credit will contain the following provisions: Amount: $8,000 ...

A Realty Times Feature Article by Kenneth R. Harney Quick passage by the House last week of a bill extending the $8,000 home buyer tax credit next year for military, diplomatic and intelligence personnel serving overseas increases the odds that Congress will agree to an extension, maybe even an expansion, of the entire credit program well into ...

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FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, ...

Now that the conforming loan limits are over $700k in Northern Virginia it is a great time to move-up.  The $8k first time homebuyer credit stimulated the $200-400k price range in the close in suburbs of DC.  The window for low pricing is definitely closing and multiple contract situations are common.  I am hoping that the change in ...