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FHA Allows First-Time Buyers to Use Tax Credit at Closing |
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During an address to the NAHB Board of Directors, Housing and Urban Development Secretary Shaun Donovan announced a plan that will allow first-time buyers qualifying for the $8,000 tax credit and obtaining an FHA loan to use the funds at closing for a down payment and other costs.
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It's a Great Time to Buy Resources |
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Mortgage rates have hit historic lows, new-home prices are extremely competitive and the new $8,000 first-time buyer tax credit is a bonanza for consumers. Realtors and home builders know that know is a great time to buy. The key is getting the word out to consumers about the opportunities in today's housing market.
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View the latest issue of Building Business News online! |
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Welcome to the NEW KCHBA.NET! |
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The HBA's new Web site is online! Entering 2009 you'll have an array of new options to help you take advantage of HBA benefits including education, research, governmental affairs, special offers and so much more! Check out the new site and be sure to keep checking back as new content and features are added in the weeks ahead! |
 View your HBA member profile, update your contact information, register for events, and get more out of your membership by logging into your BuilderFusion account! |
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Housing Market Shows Signs of Hitting Bottom |
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It's not exactly smooth sailing ahead but home builders looking for the bottom of the housing market can find some optimism a forecast delivered this week by Moody's Economy.com. Kansas City should weather the storm better than the rest of the country and stabilizing home prices and a buildup in housing starts may not be too far away.
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Local Housing Forecast Shows Changing Market, Slow Recovery |
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The good news for the Kansas City housing market is that momentum appears moving in the right direction. The question is just how strong that momentum will be.While the 2009 Kansas City Housing Forecast presented by Landmarketing paints a picture of falling new-home inventories and projects a slight rise in new-home starts this year, uncertainties in the financial and labor circles as well as a changing buyer profile means it will not be business as usual.
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