Is the First Time Home Buyer Credit Coming Back?

Is the First Time Home Buyer Credit Coming Back?

August 30, 2010 by Katie Wethman · Leave a Comment 

With the precipitous 27% drop in July housing sales, the first time home buyer credit is getting renewed interest from some heavy hitters in Washington, including Secretary of Housing and Urban Development Shaun Donovan, according to The Hill. Though admitting that just one month of numbers was too little data to say whether the credit [...]

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Free First Time Home Buyer Seminar in Arlington

August 26, 2010 by Katie Wethman · Leave a Comment 

Monday, September 20, 2010 from  7:00 – 8:15 Arlington Central Library 1015 N Quincy St 2nd floor meeting room Ballston (Orange Line) Though there is no cost to attend, you must contact us to register for the First Time Buyer Class since seating is limited and so that materials are available. Educating Home Buyers to Enable [...]

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Is the $8000 First Time Home Buyer Tax Credit Going to Be Extended?

Is the $8000 First Time Home Buyer Tax Credit Going to Be Extended?

April 16, 2010 by Katie Wethman · Leave a Comment 

Alas, my crystal ball is in the shop. But I CAN tell you the same thing I recently told the Washington Examiner about the upcoming expiration of the credit:  the administration and Congress are under a lot more pressure now to control spending than they were this time last year. Last year it was all [...]

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Single Women as Home Buyers

Single Women as Home Buyers

February 13, 2010 by Katie Wethman · Leave a Comment 

Single working women are poised to become a financial powerhouse: single women between 25 and 30 are earning more than single men, and women’s earned income is growing faster, according to www.womenhomeowners.com.  Even coming out of the current recession, women are positioned better: 82% of job losses affected men, according to the New York Times.  [...]

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Free First Time Home Buyer Class in Arlington, VA

Free First Time Home Buyer Class in Arlington, VA

February 8, 2010 by Katie Wethman · Leave a Comment 

Are you a first time buyer thinking of starting your search? Low pries, historically low interest rates, and the $8000 tax credit have many people in our area wondering if it’s time to buy. Join us for a free educational session at Arlington County Library. Wenesday, March 3 7:00pm – 8:15pm Arlington County Library 1015 [...]

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Tips for Newly Engaged or Married Couples Buying a Home Together

February 3, 2010 by Katie Wethman · Leave a Comment 

I often work with couples who are newly, or soon-to-be, engaged.  Being a first time homebuyer is overwhelming enough, without bring another set of opinions in to it!  But there are some tips and tricks that I recommend to my buyer clients to help smooth the process: 1) Do you have a home (or two) [...]

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Property Taxes & Real Estate Related Income Tax Deductions

January 27, 2010 by Katie Wethman · Leave a Comment 

Property tax season is upon us, and assessments were mailed out. Seventy five percent of Arlington residents saw a drop, but remember that assessments are a lagging indicator.  A lower assessment doesn’t necessarily mean a lower tax bill though…rates are due to increase (read my post about how property taxes are calculated here.)  If you [...]

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State of the Northern Virginia & DC Real Estate Market: January 2010

January 23, 2010 by Katie Wethman · Leave a Comment 

Spring has sprung early as far as the real estate market is concerned.  Buyers are out and circling, anxiously waiting for inventory to hit.  I know I’m starting to sound like a broken record, but the lack of ‘good’ inventory continues to be the story in real estate circles. Check out our market data graphs:  [...]

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Is Buying a Home One of Your 2010 New Year’s Resolutions?

December 27, 2009 by Katie Wethman · Leave a Comment 

Get started by attending a free, no obligation first time home buyer class at Arlington Central Library on January 26 at 7:00 pm. Our first time home buyer classes are educational sessions designed to give an overview of current market conditions and the home buying process.  We cover a recap of the market, current trends [...]

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VHDA Loans Allow Financing of Down Payment

VHDA Loans Allow Financing of Down Payment

December 15, 2009 by Katie Wethman · Leave a Comment 

The Virginia Housing Development Authority has extended its Homebuyer Tax Credit Plus program to match the deadlines of the Federal First-Time Homebuyers Tax Credit. VHDA’s program lets borrowers use a second mortgage to finance up to 5% of the sales price (enough to cover FHA’s 3.5% down payment requirement) by using the $8000 first time [...]

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