Clearwater Real Estate Market – Data Hints Housing Will Expand Even After The Tax Credit Expires
April 22nd, 2010 Categories: Uncategorized
Clearwater Real Estate Market Update
Clearwater FL – 
After a strong March showing nationally and a surprise upward-revision for February, Housing Starts are, once again, trending better.
It’s yet another signal that the housing market in Clearwater and nationwide is stabilized.
A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month.
This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.
Even more interesting, though, is that the number of newly-issued building permits is exploding. Permits were up more than 5 percent last month and have climbed back to the levels of late-2008.
Housing permits are an important data point in housing because permits are precursors to actual housing starts. According to the Census Bureau, 82% of homes start construction within 60 days of permit-issuance.
Therefore, because March’s housing permits increased, we should expect Housing Starts to continue to rise into the early months of summer.
This, too, reflects well on housing because the federal home buyer tax credit won’t be in existence this summer. The simple fact the homes are being built now shows that housing is likely to expand even after the tax credit expires.
Non-military members must be under contract by April 30, 2010 and closed by June 30, 2010 in order to claim up to $8,000 in federal tax credits.
If you are still searching for homes, search Pinellas MLS: Clearwater FL Homes For Sale
Call or email us today if you are thinking of buying or selling your home or condo in Clearwater, or any of these other local cities: Largo, Dunedin, Safety Harbor, Palm Harbor, Seminole, Tarpon Springs, Clearwater Beach, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, Treasure Island or St Pete Beach.
Ask us for a Market Survey for Your Property – Find Out What Your Clearwater FL Property is Worth.
We’d like you to know that we are Clearwater Realtors passionate about being your real estate advocate. We’re committed to delivering Results based on Integrity, Knowledge & Experience – helping you find the perfect beach house or condo– just ask.
We’d like to be YOUR Clearwater Real Estate Team – specializing in luxury waterfront homes and condos!
Call Jack @ 727.710.8036 or Cyndee @ 727.710.8035
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036
See What a Customer Says About Us: Clearwater Realtors Client Videos
About Cyndee Haydon
Cyndee Haydon, Realtor with Future Home Realty specializing in luxury waterfront and beach homes of Clearwater Beach - St Pete - Tampa Bay area with her husband and partner, Jack Haydon Cyndee's Google Profile
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Clearwater FL Home buyers- Federal Home Buyer Tax Credit–Only 30 Days Left
April 1st, 2010 Categories: Uncategorized
There’s just 30 days remaining for Clearwater FL home buyers to use the federal home buyer tax credit.
Clearwater FL – Looking to buy a home in Clearwater FL or Pinellas County? The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeowners who have lived in their main home for 5 of the last 8 years.
Claiming the federal tax credit is a two-step process. First, you must be under contract for a new Clearwater FL home on or before April 30, 2010. Then, you must close on said home on or before June 30, 2010.
There are no exceptions on the dates (except for certain members of the military).
Timeline aside, homebuyers and the subject property must also meet minimum requirements in order to be tax credit-eligible:
- You can’t purchase the home from a parent, spouse, or child
- You can’t purchase the home from an entity in which the seller is a majority owner
- You can’t acquire the home by gift or inheritance
- Each buyer in the purchase must meet eligibility requirements
- The home sale price may not exceed $800,000
- Buyers may not earn more than $125,000 as single-filers; $225,000 as joint-filers
The complete eligibility checklist is published on the IRS website. Or, if you find IRS-speak too difficult, make a phone call to your accountant. Asking a tax professional’s advice on a tax-related matter is never a time-waster.
And lastly, don’t forget that if you’re claiming to federal tax credit for home buyers, it’s a tax credit and not a deduction. This means that a tax filer who qualifies for the full $8,000 and for whom the “normal” federal tax liability is $8,000, will owe no federal taxes in 2010 to the IRS.
If you’re an active buyer in Clearwater, Clearwater Beach, or anywhere else in the country , mark your calendar for April 30, 2010. It’s 30 days from now and, as the date gets closer, buyer traffic will increase. The likely result is higher home prices and more difficult negotiations. The best time to act may be today.
If you’re looking for Clearwater FL Realtors we’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results based on Integrity, Knowledge & Experience – helping you find the perfect beach house or condo – just ask.
We’d like to be YOUR Crystal Beach Real Estate Team – specializing in luxury waterfront and condos!
Call Jack @ 727710.8036 or Cyndee @ 727.710.8035
Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack’s Cell: 727-710-8036
Cyndee’s Cell: 727-710-8035
See What a Customer Says About Us: Client Videos
Search the MLS: Clearwater FL Homes For Sale
About Cyndee Haydon
Cyndee Haydon, Realtor with Future Home Realty specializing in luxury waterfront and beach homes of Clearwater Beach - St Pete - Tampa Bay area with her husband and partner, Jack Haydon Cyndee's Google Profile
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