The median selling price in the five-county area was $125,000 in November, up just 4 percent over one year ago, according to Greater Northwest Indiana Association of Realtors figures. The association serves Lake, Porter, LaPorte, Jasper and Newton counties. In the five counties served by the association, 710 homes were sold in November, as compared to 479 in November 2008. The new incentives for home buying are giving relief to sales agents, who have suffered through one of the worst housing slumps in decades.
Archive of posts tagged 6500k tax credit
Obama to sign homebuyer assistance bill
The tax credits, added by the Senate, center on extending the popular $8,000 credit for first-time homebuyers that was included in the stimulus package. The credit, which was to expire at the end of this month, will be available through next June as long as the buyer signs a binding contract by the end of April. The program is expanded to include a $6,500 credit for existing homeowners who buy a new place after living in their current residence for at least five years. Prolonging the life of the homebuyer credit has been a priority of the real estate industry…
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