The first day of Spring has come and gone. And it seems that the outlook of our industry and the Country is starting to turn the corner. The better days on the stock market makes everyone who has a 401k breath a little easier and even those who weren’t invested can look at the news and see less pessimism . And Monday the report of National Real Estate sales took a turn for the better.
Locally, THDA announced a new program where a person who hasn’t owned a home in three years can borrow the money for a down payment and then pay it back from the tax credit of $8,000. Or they can get a 4% grant from THDA (with a slightly higher rate) and still get their $8,000. So on a $175,000 home the total of free cash is $15,000. Couple this with great interest rates and bargain basement home prices and you have a great situation.
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