Archive for September, 2009

EXTEND THE FEDERAL TAX CREDIT FOR FIRST TIME HOME BUYERS

Friday, September 18th, 2009

WASHINGTON

Robert Gibbs, Spokesman, is before President Obama to extend the Federal Tax Credit for first time home buyers.

Just as the ‘Cash for Clunkers’ program has jump started automobile sales, this Federal Tax Credit for firt time home buyers has helped to fuel home sales across the country. While we here on the East End may not see this trend, it isa successful program in other parts of the country. Any program that assists increase in home sales nation wide is a good thing for the overall economy. Think of all the ancillary businesses that are touched when a home is sold… everything from paint, appliances, plants, etc. We could mention hundreds of services and products. That’s not to mention the rewards of owning your own home.

The Federal Tax Credit program for first time buyers allows for up to $8,000 or 10% of the sale price, is set to expire at the end of November. Extending this program is critical to maintaining the forward momentum which we are currently experiencing in the housing sector and the overall economy.

So, raise your voice and let your government know how you feel about extending this program for first time home buyers. Your opinion matters.

TOWN & COUNTRY AQUIRES 3 DOMAIN NAMES or .COMS!!!

Friday, September 18th, 2009

In this internet driven business world, Town & Country Real Estate has once again raised the bar for all others!

We are pleased to announce our latest aquisitions of www.HamptonsRealEstateInfo.com , www.NorthForkRealEstateInfo.com and www.ShelterIslandRealEstateInfo.com .

These 3 very important URLs or web addresses not only increase Town & Country’s exposure on the internet exponentially, which will drive buyers and sellers to our www.1TownandCountry.com , but shall increase business dramatically for our select group of dynamic real estate professionals.

These web sites, just as www.1TownandCountry.com has become, will be portholes for all information regarding real estate in each unique area… THE resource centers for buyers, sellers and agents alike when researching homes, land, commercial and rentals.

We look forward to servicing your real estate needs on the Eastern End of Long Island, NY, USA

Town & Country Real Estate, your local real estate resource!

PENDING HOME SALES BLOW PAST EXPECTATIONS

Wednesday, September 2nd, 2009

Pending Home Sales increased for the 6th straight month. July figures were considerably greater than was predicted.

There was a 3.2% increase to 97.6 for July when compared with June and a 12% jump from July 2008 when pending home sales were at 87.1.

The Housing Affordability Index remains at an all time high since this index recording began in 1970. Thus Nationally, the typical monthly mortgage payment is less than 25% of the monthly income of the avergage middle income of American Families.

NAR (National Association of Realtors) predicts 1.8-2 million first time home buyers will take advantage of the $8,000 tax credit available for them this year.

Seems Town & Country was right on the mark when we called ‘the bottom’ of the market first part of this year.