WOW! What a great month we just went thru! Great news on the national level. Unless you’ve been living under a rock somewhere, you have heard about the $8,000 1st time homebuyer tax credit being extended thru next summer AND a fantastic new incentive of a $6,500 tax credit for existing homeowners looking to purchase a larger or a smaller home.

              Looking at last month’s sales in Eureka, the homes for sale inventory is down, the number of homes going under contract and the number of homes sold is up. WAY UP! Great news for home sellers and for home buyers.

30-year, fixed rate interest rates are at their lowest levels in decades, averaging 4.71 percent. Freddie Mac, a gigantic lender in the home loan market goes onto state that the 30-year home loan interest rate has never been this low since they began their weekly survey in 1971.

If you have questions about how this tax credit could work for you or someone you know, get the up to minute real estate and loan information on my blog site. Or just drop us an email or give us a call.