| Vanderhoff Real Estate's North Fulton Blog
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Thursday, October 15, 2009
October 14, 2009: Lake Lanier Reaches Full Pool!
 Lake Lanier reached full pool yesterday morning! Hard to believe it was 18 feet lower in January, and a year ago we were in a Level 4 drought. There's actually water in that little finger of lake that I pass traveling North on Georgia 400 near Pilgrim Mill. I don't think I've seen water there in the last 5 to 6 years. Lake Lanier's full pool status is great news for lake property. Due to the economy and the drought with it's many dried up docks, lake home prices have dropped considerably in the past 2 years. With interest rates and prices still low, and the lake full, now is the time to pick up lakefront property. As activity increases on the lake throughout the next year due to improved recreation and business on and near the lake, prices of these homes will begin to rise again. We'd love to assist you in finding your next home or vacation home on Lake Lanier. Visit our website at www.VanderhoffRealEstate.com to check out the available lake homes for sale. Labels: dock, drought, for sale, full pool, lake home, lake lanier, market, real estate, vanderhoff
Tuesday, August 18, 2009
Take Advantage of the $8000 Tax Credit Before It's Gone
To take advantage of the $8000 HomeBuyer Tax credit your loan must close by November 30th, 2009! Congress legislation providing a tax credit of up to $8,000 for first-time home buyer's general information refresher below... Available for qualified First-time home buyers;
defined as anyone who hasn't owned a home in the last three years
Claim up to $8,000 or 10% of the home's value (whichever is less)
Primary residence purchased & closed on or after January 1st, 2009
and before December 1st, 2009
Tax credit doesn't have to be repaid as long as the buyers
remain in the home for at least 3 years.
Single taxpayers with incomes up to $75,000 and married couples
with incomes up to $150,000 qualify for the full tax credit
If you qualify and would like to take advantage of the tax credit at a time when mortgage rates and home prices are low, contact us today. It's a fantastic time to buy a home in the Cumming, Alpharetta and Lake Lanier area, especially since you may also qualify for the new $1800 home buyer tax credit passed in Georgia. The Georgia Homebuyer tax credit makes for a powerful new home stimulus plan when combined with the Federal $8,000 first-time homebuyer tax credit. For more information on the Georgia Tax Credit click here. Call us today! It's a great time to buy in Georgia! Also, check out the foreclosure listings in the area through a special link on our website. Labels: $1800, $8000, 2009, Alpharetta, cumming, first time home buyer, georgia, Home, lake lanier, market, real estate, stimulus, tax credit
Saturday, June 20, 2009
Housing Starts Rise In May
 Builders take out more permits to build than expected
NEW YORK (CNNMoney.com) -- The nation's builders boosted their production in May, starting new housing units at an annualized rate of 532,000, up 17.2% from the revised estimate of 454,000 in April. The data release, a monthly report from the Census Bureau, also revealed that building permits jumped by 4% to a rate of 518,000 from 498,000 in April. Both figures were higher than expected. A consensus estimate from Briefing.com had forecast that starts would rise 485,000 and permits to 508,000. Labels: builder, market, new construction, real estate
Monday, June 08, 2009
Mortgage Rates Still Low, But On The Rise
Major Jump In Mortgage Rates Hasn't Hurt Home Sales-Yet
The recent surge in mortgage rates hasn't put a crimp in the housing recovery so far, but some economists think it could if rates head much higher. The 30-year fixed rate jumped to an average 5.32 percent this week, up from 4.91 percent the previous week, according to Freddie Mac. Refinancings are already down sharply due to the higher rates, but home purchases continue to recover slowly. In fact, the rise in mortgage rates in recent weeks is causing some homebuyers to jump now before rates head any higher. Labels: housing, market, mortgage rates, real estate, refinance
Wednesday, May 27, 2009
Homebuilder Sentiment Jumps Again in May
Homebuilders are growing more optimistic about the state of housing and say they see signs that the end of the housing market's three-year downward spiral may be near!
The increasingly upbeat mood was reflected in an index of builders' confidence released last week, which rose for the second month in a row in May. A separate report by the industry's trade group showed housing affordability improved in the first three months of this year amid falling home prices and low interest rates.
Labels: 2009, builder, Home, market, may, real estate
Sunday, May 10, 2009
Pending Home Sales Rise 3.2% in March
First-time buyers take advantage of discounted prices and low rates!
WASHINGTON - There was another ray of hope Monday for the distressed housing market: the National Association of Realtors said the volume of signed contracts to buy previously occupied homes rose for the second month in a row. Homebuyers taking advantage of bargain prices, low interest rates and a tax credit for first-time buyers pushed the seasonally adjusted index of pending sales up by 3.2 percent to 84.6 in March. The results not only beat analysts' flat expectations, but were also 1.1 percent above last year's levels, the first time that has happened since December. Labels: 2009, first time home buyer, housing, market, mortgage rates, tax credit
Monday, March 16, 2009
Georgia House Passes Housing Tax Credit
 The Georgia House passed a housing tax credit that would benefit Georgia homebuyers. Under the bill, home purchasers would receive income tax credits of up to $3,600 over three years. This would be split into increments of up to $1,200 for each of the three years. Lawmakers voted 162-4 passing the bill in the Georgia House. The measure now moves on to the Senate. The goal is to help revitalize Georgia’s residential real estate market. Lawmakers understand that we have to get the large amount of inventory in the area moving, and they hope this bill will stimulate home buyers who have been sitting on the fence. The legislation would apply to new and previously occupied homes as well as residences that have been foreclosed. The credit could be used either for houses and condominiums and either on primary or second residences. In order to qualify, homeowners would have to apply for the credit within six months of the date the governor signs the bill. This bill, if passed, could mean a total of $11,600 in tax credits for the purchase of a new home in Georgia if the home buyer qualifies for the federal tax credit as well. Even without the federal credit, a $3,600 tax credit could encourage many home buyers to act who previously had no incentive. We will keep you posted on this bill, and perhaps soon you can take advantage of this great home buying opportunity. With home prices and mortgage rates at their lowest in years, this bill could be the boost we need to get homes moving again. Labels: 2009, atlanta, buyer, georgia, georgia house, Home, march, market, real estate, tax credit
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