November 2009 
There are 2 blog entries for November 2009.
Troy Michigan Home Market Benefits from Tax Credit Extension
Tuesday, November 24th, 2009 at 2:33pm. 167 Views, 0 Comments.
Disclaimer: I’m not a CPA or Tax Specialist; if you’regoing to buy a house and take advantage of the tax credit, work with a goodaccountant or tax specialist to make sure you get everything right.
The federalgovernment recently extended the home buyer tax credit deadline to April 30th,2010 and made some updates to the program that could impact the Troy Michiganhome and condo market.
INCOME/ FINANCIAL GUIDELINES
Before theadjustments were made, buyers would need to earn less than $75,000 a year toqualify for the full credit (the limit was set at $150,000 for couples). The government has since adjusted theprogram to allow individuals with income up to $125,000/year to qualify (or$225,000 for couples). The income limitis based on your…
7 Reasons to Buy a Home in Troy Michigan
Monday, November 2nd, 2009 at 11:21pm. 158 Views, 0 Comments.
It’s no wonder more than 83,000 residents call Troy, Michigan home. The Detroit Free Press reports Detroit area home sales are up 22.4% in July, compared to a year earlier. Sales in Oakland County were up 17.4% with 1,636 home sales. This, in spite of the large number of foreclosures continuing to hit the market.
Just look at the signs. Among them, the latest reports from the commerce department, tell us the recession is ending. The statistical folks say the rate of decline in the value of homes in Troy has slowed considerably since the 3rd quarter of 2007.
At the same time, the median sales price for homes in Oakland County was down 33.3% from year ago levels. The upside is, the median sales price of…
