http://www.garberandgarber.com Fri, 29 Jan 2010 18:01:14 +0000 http://backend.userland.com/rss092 en The Federal Housing Authority might institue the following changes in as little as the next couple of months.  Another reason, beside the first-time homebuyer tax credit extension, to get into contract on a home as soon as possible. December 2nd Congressional Hearing HUD Secretary Donovan and FHA Commissioner testified that they expect ... http://www.garberandgarber.com/possible-changes-in-fha-loans-coming-soon/ For those of you trying to take advantage of the First Time Home Buyer Tax Credit, there is an IRS form that must be included with your tax return.  Here it is to make your compliance easier.  Happy tax filing! http://www.garberandgarber.com/first-time-home-buyer-tax-credit-irs-form/ HUD No. 10-011 Lemar Wooley (202) 708-0685 FOR RELEASE Friday January 15, 2010 HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS Measure to help bring stability to home values and accelerate sale of vacant properties WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, ... http://www.garberandgarber.com/loans-for-flipping-homes/ Everyone is intersted in the foreclosure activity here in Nevada.  A new article posted today by Realty Trac reveals the following: Nevada Foreclosure Activity Up in Third Quarter By RealtyTrac Staff      Total foreclosure filings up 10 percent from Q2, and up 59 percent from Q3 2008.   Nevada reported 47,925 properties with foreclosure filings in ... http://www.garberandgarber.com/nevada-foreclosure-activity/   As reported in the Biz Times Daily: Thursday, November 12, 2009 Real estate experts say we’re in a ‘U-shaped’ recovery The U.S. economy is in the midst of a “U-shaped” recovery that will continue to be sluggish in 2010 but pick up steam by 2011 and beyond. That was the consensus outlook of a ... http://www.garberandgarber.com/economic-recovery-in-sight/ Today Congress passed a new extension and expansion of the Home Buyer's Tax Credit.  It is before the President for his signature, anticipated within the next couple of days.  There are some changes to the tax credit which you can view here:  Comparison Chart of Home Buyer Tax Credits.  Questions?  ... http://www.garberandgarber.com/home-buyers-tax-credit-extended-expanded/ Isn't it time for encouraging news?  Well here it is: Higher Home Prices Ahead, Says The Pending Home Sales Index Posted: Monday, November 2, 2009 The housing market continues to steam forward. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September. It’s the ... http://www.garberandgarber.com/pending-homes-sales-shows-growth/ Are Short Sales Really the Next BIG THING? By Rick Sharga If you believe the hype, it appears that the next phase of the housing market recovery is going to rely heavily on short sales to help remove distressed properties from the home sales pipeline.  A “short sale” is a sale where the ... http://www.garberandgarber.com/the-short-sale-maze-explained/ This morning I received an article that only confirms the trend for Northern Nevada.  Take a look at how the foreclosure rate and Notice of Default rate in Nevada compares to other cities throughout the nation: New Foreclosure Hot Spots Emerge in Q3 2009 By Daren Blomquist Cities in California, Florida, Nevada and ... http://www.garberandgarber.com/foreclosure-rate-in-reno-sparks-vs-national-foreclosure-rate/ Everyone has heard about the possibility of Congress extending the first-time home-buyer credit into 2010.  That, no doubt, would help in moving the housing inventory.  Take a look at this Bloomberg article regarding the possible Extension of the First-time Home-buyer Credit: Senate Democrats indicate that First time Homebuyers Tax Credit will ... http://www.garberandgarber.com/first-time-home-buyer-credit-through-2010/