How To Calculate Absorption Rates

  Here’s a simple formula from one of Kristal Kraft’s ActiveRain posts that illustrates how to calculate what the absorption rate is for any area you’re interested in. Think of the results as an approximation (not empirical data) for trend tracking.

July 7th, 2010 | Tags: , , , | Category: Buying, Selling | Comments are closed

Tax Credit Update

$8000 First-time Homebuyer Tax Credit – UPDATE   The $8000 tax credit is for first-time homebuyers only (IRS definition: not having owned a principal residence during the 3-year period prior to the purchase. Doesn’t have to be repaid. Equal to 10% of the home’s purchase price up to $8000. Applies only to homes $800,000 [...]

January 27th, 2010 | Category: Buying, Updates | Comments are closed