City of Pensacola Florida
 

June Mortgage Update
  
 
 
June 2009        
  



What the American Recovery and Reinvestment Act Means for Home Owners

       As we celebrate National Home Ownership Month throughout June, we want to share important information about the American Recovery and Reinvestment Act (ARRA), the Stimulus legislation signed into law in February. It contained several important federal tax credits and other provisions to save you money or to improve your community.
       A tax credit is generally more valuable than a tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed.
       Tax credits for home owners are available at 30% of the cost, up to $1,500, in 2009 and 2010, for existing home energy efficiency improvements including: windows and doors, more>





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Finding The Perfect Neighborhood

      A home is not an island.
      The surrounding neighborhood is just as important because it can have a big impact on your lifestyle -- safety, available amenities, and convenience all play their part, according to the National Association of Realtors (NAR).
      NAR also says you can keep your home value buoyed if you find the right neighborhood.
      And you can find the right neighborhood by getting information direct from the best sources -- rather than from second hand and often incomplete databases professing to offer you one stop shopping for all your neighborhood checking needs.
  • Make a list of the activities -- movies, health clubs, churches -- you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you’re considering to engage in your most common activities.
  • Check out the school district. The education department in your town can provide information on test scores, class size, percentage of students who attend college, and special enrichment programs. Even if you don’t have children, a house in a good school district will be easier to sell in the future. more>
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    		With Affordability Up, Home Buyers are Starting to Return

          Thanks to record low mortgage rates and declining home prices, 55 million families - or half of all U.S. households --  can afford today's $200,000 median-priced new home, according to figures released by the National Association of Home Builders (NAHB).
          "That's an increase of 17 million households from conditions just two years ago and the best housing affordability number we have seen in years," said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. "We are now seeing the first signs that buyers are returning to the marketplace." more>




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    Thank you for your business! Contact me today if I can be of any assistance to you, your family, or your friends. I would love to receive your referrals.

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    Royce Ingram
    email: Royce.Ingram@NCMC.com
    website: www.NCMC.com/royceingram
    phone: 850.207.2775
    National City Mortgage
    4300 Bayou Blvd
    Pensacola, FL 32503
    phone: 850.471.0339
    Posted by Jeannie Spencer on June 1st, 2009 6:23 PM
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