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Extending the Good News for Home Buyers

Extending the Good News for Home Buyers

By Lawrence Yun, Chief Economist, NAR Research

Let’s first turn to the terrific news regarding the housing stimulus. Earlier this month, the U.S. Congress overwhelmingly passed and the President signed into law new measures to maintain the momentum for a housing market recovery. The home buyer tax credit, originally scheduled to expire at the end of November will now be available through the middle of next year and more potential buyers will be able to take advantage of it. The income limit was also increased and many move-up buyers – not just first-timer purchasers – also will qualify. Furthermore, loan limits will not shrink as was planned for next year; in high-cost areas, the loan limit will remain at near $730,000 in 2010, thereby permitting more consumers to tap into the historically low mortgage rates.

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Green Fields

Today, heading south on Bellfountain Road to preview a home, the sky was full of dark rain clouds and the fields were this bright green color that was incredible.  It was as if the ground had been painted a bright green.  It was so intense that it looked unreal… almost like a painting.  The contrast from the dark clouds and the bright green grass was so intense.  It was absolutely gorgeous.  One of the reasons I love it here in Corvallis.  Too bad I didn’t have my camera with me.  My cell camera would not have done it justice.  Just one of the benefits of the rain and the Willamette Valley.

Welcome!

Today my new blog site is going live!  I am so excited to be moving in this direction.

The purpose of my new blog site is to offer a place to go for up-to-date real estate information.  Please check back often to see new listings, industry updates, statistics, tips for buying and selling real estate and news about the local communities of Corvallis, Albany, Philomath and surrounding areas.

I welcome your input for additional items you’d like to see here and look forward to this being your “go-to” place for real estate!