Fredrik Eriksson's (lukas1975) Blog

According to the IRS the first time home buyer credit was a huge hit in 2008. 1.4 million taxpayers claimed the credit on their 2008 tax returns. In 2008 a first time home buyer was defined as a buyer that has not had home ownership in a principal residence in the past 3 years. There are income r...

It is sometimes difficult to understand why pending sales are not up in the Orlando area. Last week the interest rates hit a 4 year low. The average 30 year fixed mortgage had an interest rate of 5.47%. The average goverment guaranteed FHA or VA loan had an interest rate of 6.35. These low inters...

Is now a good time to buy? I get this questions daily from potential buyers who are waiting for the right moment to buy a new home. With Orlando home sales up almost 38% in September 2008 compared to September 2007 according the Orlando Regional Realtor Association, things seem to be improving. T...