by Rodney Forbes on May 8, 2009
The popular First Time Home Buyer Tax Credit of 2009 has a slightly interesting twist that most people don’t know about. Even though the credit is for homes purchased by December 1, 2009, the tax credit can be claimed on your 2008 tax return! This is a great incentive for those still sitting on the [...]
by Rodney Forbes on May 7, 2009
This is the daily south Florida market update. Today’s update is for West Palm Beach. Market activity has really picked up due to record low interest rates, home prices at 2003-2004 levels and the efforts by the federal and state governments to get first time home buyers to make the move. Short sales and distress, [...]
by Rodney Forbes on May 1, 2009
The following article shows the benefits to the local economy of having the Scripps Florida facility. My guess is more biotech firms will continue to relocate to Palm Beach Gardens. This is great news for the county and the real estate market as well. Palm Beach Gardens is getting a new bioscience company that is [...]
by Rodney Forbes on April 30, 2009
The following article from the Wall Street Journal has me scratching my head. By now, most people know about the $8,000 first time home buyer tax credit (contact me to see if you may qualify). What shocked me is that evidently the IRS is allowing people to claim the tax credit, yes $8,000 in your [...]
by Rodney Forbes on April 30, 2009
Short sales in real estate today make up about 30-40% of home sales in south Florida. Everyone hears about them, but not too many people know the potential tax consequences of the short sale itself. The following article gives some good examples of the potential tax consequences of selling your home using a short sale. [...]
by Rodney Forbes on April 30, 2009
After deteriorating relentlessly for nearly three years, the much-watched S&P/Case-Shiller Index showed a brief glimmer that plummeting home prices are at least slowing their fall. Prices are still plunging: Home prices in 20 major cities across the country have fallen 18.6% between February of this year and last, according to the index released Tuesday. That [...]
by Rodney Forbes on April 30, 2009
The Federal Reserve on Wednesday said it see signs the recession may be easing, but warned that the economy is likely to remain weak. Against that backdrop, Fed Chairman Ben Bernanke and his colleagues left a key interest rate at a record low of between zero and 0.25 percent, and decided against taking any new [...]
by Rodney Forbes on April 11, 2009
Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in West Palm Beach Florida for the week of April 6, 2009. Of the pending sales, 60% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus efforts [...]
by Rodney Forbes on April 5, 2009
Article by Rodney Forbes So you’ve been reading the news about housing recovery, government tax credits and record low interest rates. Or maybe you’ve gone to a real estate seminar or taken a course on buying foreclosures and bank REO’s. Buying a bank owned property can be a great way to buy a home well [...]
by Rodney Forbes on April 5, 2009
The government is continuing to push the recovery through real estate. The impact of low interest rates, first time home buyer tax credits and affordable prices, more people are making the move to buy. Any recovery in the economy will be started by a positive move in the real estate markets. Rates on prime mortgages [...]
