Matthew Naumann

Extending the First Time Home Buyers Tax Credit will benefit Home Buyers and Home Sellers in Goose Creek and in the Charleston SC Area

The extension of the First Time Home Buyer Tax Credit, will give first time home buyers time to repair credit or the time to purchase a short sale in the Goose Creek and in the Charleston, SC area. The benefit for home sellers, will be the potential draw of home buyers looking to buy a second home or are looking to up size or down size from their current home.

The extension of the First Time Home Buyer Tax Credit overall, should help reduce the inventory of homes on the market.

Obama To Sign Bill Friday Extending Homebuyers Credit

AP, Thursday, 5 Nov 2009, 3:06 PM ET - The White House says President Barack Obama on Friday morning will sign a bill that expands a popular homebuyers tax credit and extends unemployment benefits.

AP Home sales

Congress on Thursday completed work on the $24 billion economic package that seeks to help out the millions who have lost jobs and have been unable to rejoin the workforce. The White House announced Obama's intention to sign the bill shortly after Congress finished the legislation.

Under the measure, an $8,000 tax credit for first-time homebuyers would be extended for seven months and expanded with a $6,500 credit for some prospective homebuyers who already own homes.

The House passed the bill on a 403-12 vote Thursday, a day after the Senate ended a monthlong stalemate with a 98-0 vote. With some 7,000 people exhausting unemployment benefits every day and the $8,000 tax credit for first-time homebuyers set to expire at the end of November, President Barack Obama is expected to quickly sign it into law.

The $24 billion package also contains tax credits aimed at struggling businesses.

The IRS says some 1.4 million people applied for the homebuyers credit through August, helping enliven the moribund housing market. The legislation would extend the program through June of next year, as long as the buyer signs a contract by the end of April. It also offers a $6,500 tax credit to those who have lived in their current residence at least five years.

The measure doubles the income ceiling for eligible individuals to $125,000. Homes must cost less than $800,000 to qualify.

The nearly 2 million who have exhausted their unemployment benefits or face termination of benefits, usually about $300 a week, before the end of the year would receive 14 weeks of additional benefits under the bill. The unemployed in those states where the jobless rate tops 8.5 percent would get six weeks on top of that.

House Majority Leader Steny Hoyer said the bill would also help the economy because the unemployed quickly spend their checks on living necessities. "We help people in very bad straits and we help our economy and help us all."

To read the rest of this article, http://www.cnbc.com/id/33673455/

Charleston, Mount Pleasant, & Hanahan Real Estate For Sale

Matt Naumann - Charleston & Mount Pleasant, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Mount Pleasant, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

Charleston, SC Real Estate Market Statistics for October 2009

Summary:

The real estate market in Charleston, SC is a definitely a buyers market, for homes sold in October, the sellers only received 92% of the listing price and for every home sold there was over 3 new home listed. Based on the current rate homes being sold of 114 and a inventory of 2546 homes on the market, it will take over 22 months to sell all those homes.

If you are trying to sell, you need to make the decision to short sale your home or not to sell or rent long term (i.e. if you are relocating). The real estate market locally and nationwide is still trying to find bottom. Based on the data, some price ranges and areas have found bottom for home prices and others still need to drop.

TIP: Have a real estate professional, sit down with you and have them show you the data. Numbers do not lie and they can tell you want is selling, for what price, and how long it took to sell. With the correct data. Data that compares your home with other similar homes in your area, will paint a true picture of how much and how long it will take to sell your home.

Charleston, Goose Creek, & Hanahan Real Estate For Sale

Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

North Charleston, SC Real Estate Market Statistics for October 2009

Summary:

The real estate market in the North Charleston, SC is definitely a Buyer's Market, for every listing sold in the month of September there were approximately 3.3 new listings added bringing the total as of Nov. 2, 2009 to 925 listings. The overall number of listings on market dropped down by 1 listing.

The homes that are selling in North Charleston, SC are receiving 96% of the listing price, which means a lot of homes are still overpriced. The average price of new listings is approximately $14,000 less than the average sold price in October, it looks like sellers are very motivated to sell.

The real estate market in North Charleston, is still definitely a buyer's market. If you are trying to sell, you need to make the decision to short sale your home or not to sell or rent long term (i.e. if you are relocating). The real estate market locally and nationwide is still trying to find bottom. Based on the data, some price ranges and areas have found bottom for home prices and others still need to drop.

TIP: Have a real estate professional, sit down with you and have them show you the data. Numbers do not lie and they can tell you want is selling, for what price, and how long it took to sell. With the correct data. Data that compares your home with other similar homes in your area, will paint a true picture of how much and how long it will take to sell your home.

Charleston, Goose Creek, & Hanahan Real Estate For Sale

Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

Mount Pleasant, SC Real Estate Market Statistics for October 2009

Summary:

The real estate market in Mount Pleasant, SC is definitely a buyer's market, for every home sold in September there were more than 2 new homes listed. Based on the current number of homes sold, 95, in October, it will take over 14 months to sell all the homes currently listed.

One of the reasons it is taking longer to sell homes in the Mount Pleasant, SC area is because there is a higher inventory of higher priced homes on the market and the number buyers looking to buy in the higher price ranges are few.

SELLING TIP: Have a real estate professional, sit down with you and have them show you the data. Numbers do not lie and they can tell you want is selling, for what price, and how long it took to sell. With the correct data. Data that compares your home with other similar homes in your area, will paint a true picture of how much and how long it will take to sell your home.

BUYING TIP: If you are home buyer, whose home buying budget is more than $350,000, there is a great opportunity to get a great deal on home in Mount Pleasant. Right now the inventory is high, interest rates are low, and sellers are motivated, because buyers are scarce. Home buyers take advantage and buy your dream home.

Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.

Hanahan, SC 29410 Real Estate Market Statistics for October 2009

Summary:

The real estate market in the Hanahan, SC is a still Buyer's Market, for every listing sold in the month of October there was more than 1 new listing added bringing the total as Nov. 2, 2009 to 139 listings. The total number of active listings dropped, due to listing expiring or sellers withdrawning from the market.

The average listing price in the Hanahan, SC area is approximately $75,500 over the average selling price, which has resulted in homes staying on the market an average of 86 days longer and can mean a lot of the homes on the market are listed in the higher price ranges. The homes that are selling in Hanahan, SC are receiving 96% of the listing price, which means a lot of homes are over priced.

TIP: Have a real estate professional, sit down with you and have them show you the data. Numbers do not lie and they can tell you want is selling, for what price, and how long it took to sell. With the correct data. Data that compares your home with other similar homes in your area, will paint a true picture of how much and how long it will take to sell your home.

Charleston, Goose Creek, & Hanahan Real Estate For Sale

Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.