LAST CHANCE FOR FREE MONEY

The clock is ticking on Tax Credit!

There's barely three months left before the $8,000 tax credit for first-time buyers ends -- and it can take that long to close on your new home.

Passed earlier this year as part of the economic stimulus package, the credit is good for up to $8,000, or 10% of the purchase price, and applies to people who have not owned a home in the previous three years. (There are some income restrictions.) The best part: Unlike a similar program from 2008, the credit does not have to be repaid. The bad part: It ends on Dec. 1.

Because it usually takes around 30 days to close on a house after a contract is signed, buyers have very little time left to act.

"Buyers have to get a home under contract very, very soon, call me so that we can get started finding you a home.

Tell me what phone has the best reliability and the lowest cost. I need some advise.

GET YOUR NEW HOME WHILE YOU CAN!

A recent release of a Home Data Index (HDI) Market Report, which last month took the lead in reporting the first U.S. home price gains in more than three years.

Key highlights for June 26 - July 25 include:

National / Four Region Overview: National quarter-over-quarter gains improve to 5 percent, with the Midwest (11.2%), South (5.3%), Northeast (2.4%), and West (1.1%) regions all posting gains.
Metropolitan Statistical Area (MSA) drilldown: Continued high real estate owned (REO) saturation levels add to market volatility.

“While we see yet more improvements in the quarterly price trends, REO activity remains very high.” said Kevin Marshall, President of Clear Capital. “The summer season, combined with increased opportunity for investors and home buyers, helped the most severely impacted markets ease the home price slides experienced this past winter.”

The National quarterly price gain grew to 5.0 percent this month (up from July’s 1.7 percent increase), reflecting a wide-reaching improvement in price declines across all four U.S. regions.