Hello and welcome to the Martini Factor Blog.
I am what you might call a mortgage nerd – I have been in the financial services longer than I can remember. I love what I do! My primary area of focus is in North Carolina – specifically the Triangle ( Raleigh – Cary – Durham – Chapel Hill ).
Real estate, historically, year over year has been the best investment. It is my goal to share feed back on the real estate market with the Martini Factor blog.
NOW IS A GREAT TIME TO BUY! Why do I say such a thing? Well, last month HR 3221 (a.k.a Housing & Economic Recovery Act of 2008) was signed by President Bush. This law covers a lot but one of provisions provides a tax-credit for first-time homebuyers ( yes, tax credit --- not tax deduction ).
The credit is $7,500. Very generous! Actually, the credt is an interest free loan that will be paid back over 15 years assuming you maintain he property. Either way this is provides 7500 reason to stop renting and look at purchasing your first home!
Martini
