Lawmakers are also considering tax credits for repeat buyers to enhance local economies
With the first-time homebuyer $8,000 tax credit set to expire at the end of November, both the Senate and House of Representatives are busy working through agreements to extend this popular program, and keep in place the loan limit for U.S.-backed mortgages at $729,750 for two years, thereby holding down interest rates.
More than 1.4 million first-time buyers have benefited from the $8,000 tax credit and that incentive helped to increase home sales in St. Charles County by 10.6% this September, compared to a year ago. St. Louis County saw an increase of 5.8% during the same period. The median home price has declined during the same time frame, by 3.4% in St. Charles County and 0.7% in St. Louis County.
To keep the up tick in housing sales going, legislators are trying to extend the tax credit incentive through June of 2010 for homebuyers who have a contract on a house by the end of April. Also proposed is up to $6,500 in tax credits for repeat buyers who have owned their home for at least five years, and an income increase to $125,000 a year for individuals and $225,000 for couples.
The Senate is expected to look at the extended tax credits next week (it’s been bundled with legislation to extend unemployment insurance) and then the House will have it’s chance to pass the legislation.
Without a doubt, the tax credits, decreased interest rates, various home ownership program assistance have helped countless qualified buyers purchase a home, and have provided more jobs for Americans in desperate need of jobs.
No doubt, this has been a rough patch for our citizens, our economy and our state of being. With extended housing incentives, we’ll be that much further to recovery and a positive outlook.
Taking good care of your lawn at the end of the season makes good sense
While it may not be as rewarding up front as planting new spring flowers, getting your lawn and gardens ready for winter will be a real time saver come next year. Here are some tips to help you organize a fall clean-up.
Dead-head perennials. Remove spent annuals after the first frost, but resist the urge to prune perennials to the ground as this can invite insects and fungal infections. Always wait until spring when the first new growth appears before cutting perennials back.
Dig tender plants such as canna lily, dahlia and annual geraniums right after the first frost. Air dry plants and store in a cool dry location for the winter.
Don’t forget to water trees and shrubs, especially evergreens. The general rule is one inch of water per week. So check your rain gauge.
Collect soil samples from several locations in your lawn and around your trees. Have both samples tested. If lawn samples indicate a low pH apply lime now. Fertilize trees if soil samples indicate a deficiency.
If you are planning on reseeding or over seeding your lawn be sure to do it in October.
By Jeanne Baker, MLA, Landscape Designer
Healthcare, cost of living, recreation and education are high on the list
Where are the most affordable places for the 55+ crowd to retire and own homes? U.S. News & World Report highlighted the top 10 places attractive for seniors to begin a second life. The cities chosen are based on a criteria of median home prices, affordable cost of living, good healthcare resources, and recreational activities.
Another very important factor is the availability of jobs and a low unemployment rate. Seniors aren’t “re-tired”; they still want an active professional life as well.
Let’s look the best affordable places for 55 plus homeowners to retire: Ann Arbor, MI, Ashville, N.C., Aurora, CO, Columbia, S.C., Columbus, OH, Eugene, OR, Fort Worth, TX, Jacksonville, FL, Kansas City, MO, and Tucson, AR.
One common theme for these locations is the presence of a college or university. The cultural, academic and sports opportunities offered by an educational institution do attract seniors who don’t settle for an inactive retirement.
St. Charles County and the St. Louis metro region have many characteristics to attract senior homebuyers too–colleges and universities, healthcare, easy access to cultural events and plenty of sports, both professional and amateur. If you are considering selling your home, what would attract a senior buyer, in addition to the regional amenities?
The good news is 90 percent of the 55+ homebuyers are moving in the same general area or from a different part of the state, according to a survey by conducted by The National Association of Home Builders and the MetLife Mature Market Institute. Smaller, single family homes are preferred by 79 percent of the respondents, and open kitchen/family rooms, a washer and dryer plus lots of storage.
The 55+ age group is tuned into technology. They was special places for computers, advanced security systems, built-in wiring for flat screens and programmable, but easy to use thermostats. Energy efficient appliances are musts for 79 percent of the respondent group while other green concepts include solar heating, a water filtering system and chemical-free building materials.
Keep these tips in mind as you consider selling your home. Remember, every size home has a potential buyer out there.
Written by Myra Vandersall
Elias Trace is the newest member of the Grant Hickman Team. He honed his real estate skills at Retail Realty Group, LLC, in Chesterfield, Missouri, and is excited about using his skills to help St. Charles County families buy or sell their home. Because he lives where he works, in St. Peters and St. Charles County, Elias knows this market and community. As do all the members of the Grant Hickman team, he treats his clients with dignity and integrity.
When he's not helping clients with their real estate needs, you'll find Elias cooking, woodworking and following his love of the outdoors. He's also a recent graduate of Millikin University in Decatur, Illinois, where he earned his bachelor's degree in commercial music.
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October 2009 Calendar of Events
Saturday, October 3
Augusta Bottoms Beer Festival
Noon - 5 pm
Enjoy tastings, live music, and brewery items for sale plus a commemorative glass.
$25.00 www.augustabottomsbeerfest.com
October 4-October 31
Pumpkin Fantasyland, Centennial Farms, Augusta
10-5 p.m. daily/11-5 p.m. Sunday
The farmstead is turned into "Pumpkin Fantasyland" with a whimsical collection of pumpkin figures dressed as farm folks, storybook characters and aliens. Hundreds of pumpkins, gourds, Indian corn, and other fall decorations add to the color. Also apple picking and farm market.
Wednesday, October 7
Staying Healthy This Flu Season
6:30-8 p.m.
Progress West HealthCare Center Community Room
How much do you really know about the flu bug? Discuss transmission, symptoms, treatments and who should be vaccinated. Learn the difference between epidemics and pandemics.
Call 636.344.2273 to register.
FREE
Friday, October 9 - Saturday, October 10
Fall Festival and Craft Bazzar in O'Fallon with live music, children's activities, arts, crafts, and Log Cabin Museum tours. At the Civic Park 5-9 pm. Friday, 9am - 4pm Saturday.
FREE
Friday, October 9-Sunday, October 11
Builders Home & Remodeling Show
Friday and Saturday, 11 a.m.-9 p.m.
Sunday, 11 a.m.-5 p.m.
St. Charles Convention Center
Find what you need for your home. More than 200 exhibitors and special presentations from free antique art appraisals to childrens’ activities and the Habitat for Humanity ReStore.
FREE
October 9 - October 11
BICENTENNIAL CULTURAL HERITAGE FESTIVAL
Bicentennial Cultural Heritage Festival
St. Charles
Various locations throughout the city.
During the second weekend in October, St. Charles continues its Bicentennial celebration with a Cultural Heritage Festival based on a series of parties, parades and concerts in local parks. The city's official anniversary weekend will feature a wide-range of fun, free, family-friendly events as follows:
Friday, October 9 in Frontier Park, 500 S. Riverside Drive - an evening event complete with live entertainment, food & beverages will kick-off the Bicentennial along the banks of the Missouri river.
Saturday, October 10 in Blanchette Park, 1900 W. Randolph Street - the St. Charles Bicentennial parade begins at noon with an old-fashioned picnic to be held in the park from 2 pm to 6 pm.
Sunday, October 11 in Wapelhorst Park, 1875 Muegge Road - this afternoon event will have an arts and culture theme featuring local talent. Visitors will also have an opportunity to take historical tours aboard the St. Charles trolley.
FREE
For more information call 636-255-6154 or visit www.stcharlescitymo.gov
Sunday, October 11, 2009
10 am - 5 pm daily
Old Settler Days
Riverside Park, Kampsville, IL
This event on the banks of the Illinois River depicts the life and times of the early Calhoun settlers. Civil War re-enactment, carriage rides, fiddle contest, mountain-man activities, apple-butter making and other period demonstrations, food, crafts, and live entertainment.
FREE
Friday, October 16
NEW! Old Time Radio Mystery Shows
10 a.m.-12 noon
Java G’s Coffeehouse Café, 2031 Old Hwy 94S
Sponsored by the St. Charles Community College and OASIS, learn about the popular radio shows in the 1930s and 1940s, especially mystery shows. Discussion and audio examples
$9/age 50 and over
Friday, October 23 – Saturday, October 24
QUILT & CHURCH TOUR
10 am - 4 pm
Calhoun County Communities, Brussels, IL
Take a relaxing drive through Calhoun County to see displays of beautiful quilts, exhibits and activities. Visitors can also take part in quilt demonstrations, quilt appraisals, supplies and sales. As a bonus, attendees will be able to take a driving tour of the county to see 20 barn quilts.
$8 in advance, $12 at the door
For more information call 618-576-2293
Friday, October 30
Trick or Treat on Main
3-5 p.m.
Enjoy a safe afternoon of trick or treating at various businesses for costumed children 12 years and younger. Stay for the Halloween Children's Theater in Frontier Park from 5:15-5:45pm. Main Street
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