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928-930 France Street

928-930 France Street

Adorable Bywater Double

928-930 France Street

Cute double shotgun with wide plank wood floors, bead board ceilings & walls, beautiful wooden doors, fire place mantles & picture molding throughout. Central A/H, new kitchens w/butcher block counters & tile baths added in 2005. Each unit has a little back porch off of the kitchen that looks on to a common court yard. Currently collecting $1,700/month rental income. Good for investors or owner/occupant. Just a few blocks to popular watering holes, eateries, & the Mississippi River.

  • $224,000
  • Living Area: 1711 Sq Ft
  • Lot Size: 34 x81 Sq Ft
  • 4 Bedrooms
  • 2 Bathrooms
  • Double
  • Bywater Neighborhood
  • MLS Number: 810608
  • 1 story
Amenities: Central A & H, Stylish Kitchens w/Butcher Block Counters, S.S. Appliances, Tile Baths w/Clawfoot Tub

Agent: Lisa Fury

3915 Baudin St., 2 Story Dream Home

3915 Baudin St., 2 Story Dream Home

One of a Kind Mid-City Home

3915 Baudin Street

Gorgeous Mid-City home with spectacular features including an indoor brick bbq pit, sky lights, a gas fireplace, exposed brick walls, granite counter tops, cherry wood cabinets, balcony, courtyard, fabulous bath (with jacuzzi tub and bidet), a full bar, stainless appliances, high ceilings with exposed beams, and off street parking. Enjoys an open floor plan with large rooms great for entertaining and 3 full baths. Quite the show piece, a must see!

  • $235,000
  • Living Area: 1941 Sq Ft
  • Total Area:  2100 Sq Ft
  • Lot Size: 16 x 34.5, 25 x 63 Sq Ft
  • 2 Bedrooms
  • 3 Bathrooms
  • Single
  • Mid-City Neighborhood
  • MLS Number: 804903
  • 2 stories
Amenities: Exposed brick fireplace, 3 baths, cent. air & heat, brick oven, granite counters, indoor laundry

Agent: Lisa Fury

622 Congress St. Arts & Crafts Cottage

622 Congress St. Arts & Crafts Cottage

Sale Pending

Renovator's Special

622 Congress St.

Prime opportunity to add your finishing touches to this Bywater Cottage just steps to the River. Formerly a double, but most recently used as a single family home with open floor plan featuring 3 bedrooms & 3 full baths, central air & heat, front porch & a deck overlooking the back yard. Could easily be returned to 2 units for an owner occupant or investor. Needs updating, but property appears to be solid. Motivated seller, Bring offers!

  • $129,000
  • Living Area: 1540 Sq Ft
  • Total Area:  1704 Sq Ft
  • Lot Size: 31 x 95 Sq Ft
  • 3 Bedrooms
  • 3 Bathrooms
  • Single
  • Bywater Neighborhood
  • MLS Number: 804381
  • 1 story
Amenities: Charming front porch, Central air & heat, & 3 full baths

Agent: Lisa Fury

Front

Front

Perfect for First Time Home Buyer

3019 Banks Street

Independent bedrooms with Closets
Large sitting room
Beautiful wood floors
Roomy kitchen
Stainless steel appliances
Separate dining room
Large sitting room
Large fenced backyard - great for entertaining
Great shed "the man-dome"
Covered off street parking

  • $189,000
  • Living Area: 1830 Sq Ft
  • Total Area:  2030 Sq Ft
  • Lot Size: 31.5 x 150 Sq Ft
  • 3 Bedrooms
  • 2 Bathrooms
  • Single
  • Mid-City Neighborhood
  • 1.5 stories
Amenities:

Agent: MJ Sauer

Front

Front

Global Green Built Homes in Historic Holy Cross

417 Andry

Here's your opportunity to live in a 2 bedroom, 1 ½ bath LEED Platinum designed home built by Global Green. withhouse features solar (up to 3k), low E windows, high reflective metal roof, tank- less hot water heaters and energy star appliances. The inside is warm and inviting, with wood throughout (much FSC certified) and utility costs run far less than a typical home. Current water and gas run $50/month, and homeowner insurance premiums are reduced due to hurricane protection measures.

For eligible buyers up to $45,000 is available from Global Green as a soft second. Former 9th ward residents, teachers, NFP employees and those at 80% or less AMI are all eligible. In addition a credit from the Federal Home Buyer tax credit of up to $8,000, State Solar tax credit of $12,500 and Federal tax credits up to 30% of the system cost all can be taken by a new buyer.

  • $140,000
  • Living Area: 1086 Sq Ft
  • Total Area:  1376 Sq Ft
  • 2 Bedrooms
  • 1 Bathroom
  • Townhouse
  • Holy Cross Neighborhood
  • MLS Number: 805967
  • 2 stories
Amenities: Solar panels that produce up to 3kw, closed cell foam inuslation in walls and and roof, dual flush l

Agent: Jennifer Pearl

715 N.Lopez St. Stunning Mid-City Renovation in up & coming area near Bayou St.John

715 N.Lopez St. Stunning Mid-City Renovation in up & coming area near Bayou St.John

Mid-City & Bayou St.John Beauty

715 N.Lopez St.

Adorable cottage near Bayou St. John, renovated in 2008. Almost everything has been updated including the wiring, plumbing, new windows, new siding and insulation, new sheetrock, and more. The large open living room & kitchen feature an exposed brick fire place, wide plank wood floors, granite counters, custom cabinetry & island. Traditional New Orleans black & white tile bath with a claw foot tub, a spacious bedroom with large closet, and a cute fenced yard complete the package. Covered laundry and storage room with washer and dryer hook-ups located on the back porch. Must see to appreciate!

  • $129,000
  • Living Area: 750 Sq Ft
  • Total Area:  750 Sq Ft
  • Lot Size: 17 x 92 Sq Ft
  • 1 Bedroom
  • 1 Bathroom
  • Single
  • Mid-City Neighborhood
  • MLS Number: 798248
  • 1 story
Amenities: Gutted to the studs & rebuilt in 2008! 42" custom cabinets, slab granite, S.S. appliances, C A/H

Agent: Lisa Fury

Front

Front

Spacious Home in Carrollton Neighborhood

8620 Jeannette

This home was completely renovated in 2004, all new plumbing electrical, roof, foundation, windows, flooring. Attic insulated in 2008 for increased effeciency. Great layout with four bedrooms and two full baths. Open kitchen/dining and living area.
Stainless steel appliances, inside washer/dryer and fresh paint on the walls. Large fenced in backyard and parking out front for up to 3 cars.
Walk to the streetcar or stroll down to Oak street for coffee shops, restaurants and live music venues.

  • $129,000
  • Living Area: 1450 Sq Ft
  • Total Area:  1450 Sq Ft
  • Lot Size: 3600 Sq Ft
  • 4 Bedrooms
  • 2 Bathrooms
  • Single
  • Carrollton Neighborhood
  • MLS Number: 806688
  • 1 story
Amenities: Stainless steel appliances, fenced yard.

Agent: Jennifer Pearl

Exterior

Exterior

Beauty AND Value in Resurgent Holy Cross!

717 St. Maurice

Flawless renovation of detailed Arts and Crafts home in rapidly-renovating Holy Cross! Double parlors with Craftsman details, mantels and bookshelves. Three spacious, independent bedrooms and two large tiled bathrooms plus a spacious kitchen and den that open onto a generous back porch and fenced back yard. All the details you want - central air/heat, designer paint colors, fantastic floorplan, all in all an unbelievable value!

  • $197,500
  • Living Area: 1749 Sq Ft
  • Total Area:  2142 Sq Ft
  • Lot Size: 31 x 112 Sq Ft
  • 3 Bedrooms
  • 2 Bathrooms
  • Single
  • Holy Cross Neighborhood
  • MLS Number: 762594
  • 1 story
Amenities: Craftsman details, hardwood floors, mantels, closets, front/back porches, central air

Agent: Meg Lousteau

Front

Front

JUST SOLD!

Easy Living in Beautiful Historic Algiers Point

339 Belleville

Enjoy historic Algiers in this brick home only blocks away from the levee. Tree lined street is an easy walk to ferry, library, coffeeshops and parks. Home has an open floor plan with kitchen opening into the living, dining and sunroom. Recently renovated kitchen with all new stainless appliances. Fenced backyard with patio space, fruit trees and a shed for storage. Hurrican shutters for easy home protection. Priced to sell.

  • $165,000
  • Living Area: 1069 Sq Ft
  • Total Area:  1213 Sq Ft
  • Lot Size: 53 x 120 Sq Ft
  • 2 Bedrooms
  • 1 Bathroom
  • Single
  • Algiers Neighborhood
  • MLS Number: 804582
  • 1 story
Amenities: Fully renovated kitchen, open living/kitchen floor plan, large fenced in back yard

Agent: Jennifer Pearl

3520 Burgundy St.  Move right in, Adorable & Affordable Bywater Cottage!

3520 Burgundy St. Move right in, Adorable & Affordable Bywater Cottage!

JUST SOLD!

Adorable 1 Bedroom Cottage at a Great Price!

3520 Burgundy St.

This petite cottage has it all including hardwood floors, lots of windows and natural light, exposed brick fireplaces, mantles, French doors, ceiling fans, central air & heat, plus a cute patio and dog run. Very well maintained over the years, Timberline roof added in 2001, and recent interior & exterior paint. Located in the heart of Downtown, just a bike ride to the French Quarter and only a few blocks to Markey Park, The Art Market, The Future Piety Park on the Riverfront, local cafes and eateries, yoga, shopping, and more! Many renovations under way in the area. This would make a very happy home or investment property, also a perfect alternative to a condo without the condo fees!

  • $144,000
  • Living Area: 740 Sq Ft
  • Total Area:  740 Sq Ft
  • Lot Size: 22-3/25x54/33-21 Sq Ft
  • 1 Bedroom
  • 1 Bathroom
  • Single
  • Bywater Neighborhood
  • MLS Number: 798820
  • 1 story
Amenities: Central Air & Heat, Ceiling Fans, Wood Floors, Fire Place & Mantles, Patio, Great Location.

Agent: Lisa Fury

800 Poland Ave.

800 Poland Ave.

JUST SOLD!

Rustic Bywater Cottage on a Lush Double Lot

800 Poland Ave.

Lovely 2 story Bywater Cottage on a double lot featuring glowing wood floors and ceilings, open floor plan great for entertaining, working fire place, private bedrooms, 2 full baths with claw foot tubs, 10 pairs of French doors & lots of natural light. Plus, new central air & heating, all new appliances including stainless dish washer, stove, & refrigerator. All situated on a large fenced lawn with Koi fish pond, patio, garage & off street parking. Excellent location on tree lined Poland Ave., just a bike ride from the French Quarter, CBD, and some of N.O.'s most popular restaurants and watering holes.

  • $299,000
  • Living Area: 2260 Sq Ft
  • Total Area:  2560 Sq Ft
  • Lot Size: 53 x 115 Sq Ft
  • 3 Bedrooms
  • 2 Bathrooms
  • Single
  • Bywater Neighborhood
  • MLS Number: 784891
  • 1.5 stories
Amenities: Beautiful wood floors & ceilings, 10 pairs of french doors, tons of natural light, huge fenced yard

Agent: Lisa Fury

4332 Magazine St. Prime Commercial/ Residential Building

4332 Magazine St. Prime Commercial/ Residential Building

JUST SOLD!

Magazine St. Retail Space Priced to Sell Quickly!

4332 Magazine St.

Prime Magazine St. retail space with storefront and residence. The first floor is currently leased to a popular coffee house. Downstairs includes the storefront, a charming courtyard & a separate storage building. The 2nd floor apartment has a double parlor, wood floors & high ceilings throughout. Cafe equipment is included with the sale; however this convenient Uptown location has a variety of potential uses. Very Affordable, Turn key business opportunity! Motivated seller, bring offers!

  • $329,000
  • Living Area: 2150 Sq Ft
  • Total Area:  2150 Sq Ft
  • Lot Size: 15 x 115 Sq Ft
  • 2 Bedrooms
  • 2 Bathrooms
  • Multi
  • Uptown Neighborhood
  • MLS Number: 785664
  • 2 stories
Amenities: Commercial/ Residential space on the Hot! Magazine St. Corridor. Zoned B1-A

Agent: Lisa Fury

2453-55 Burgundy St.

2453-55 Burgundy St.

JUST SOLD!

Stylish Marigny Double

2453-55 Burgundy St.

Stylish Marigny Creole Cottage featuring 2 spacious units with exposed brick between posts construction, glowing wood floors, sunny double parlors, independent bedrooms, mantles, lots of closets & ceiling fans throughout.

Large master bedrooms with en suite bath upstairs on each side, central air and heat, new roof in 2005, and a tree shaded yard.

Open to create a beautiful single family home, take over the upstairs to create a deluxe owner’s unit with 1 bedroom rental, or continue to rent both units with no worries!

  • $399,000
  • Living Area: 2952 Sq Ft
  • Total Area:  2952 Sq Ft
  • Lot Size: 37 x 93 Sq Ft
  • 4 Bedrooms
  • 4 Bathrooms
  • Double
  • Faubourg-Marigny Neighborhood
  • MLS Number: 767169
  • 1.5 stories
Amenities:

Agent: Lisa Fury

727 Port St.

727 Port St.

JUST SOLD!

Beautiful Marigny Cottage with 3 Units & Lush Yard

727 Port St.

Beautiful Marigny Cottage featuring 3 spacious units, all independently metered & brimming with historic details such as wood floors, wainscoting, 14 foot ceilings, mantles, medallions, pocket doors & more. The owner’s unit includes cathedral ceilings, windows salvaged from the U.S. Customs House, private bedrooms & a custom kitchen opening onto a lush yard with above ground pool. Open to create a gorgeous single family home or owner/ occupy and let the tenants pay your note. Truely a diamond in the rough and priced to sell, don't let this one pass you by!

  • $329,000
  • Living Area: 3473 Sq Ft
  • Total Area:  3473 Sq Ft
  • Lot Size: 41 x 127 Sq Ft
  • 7 Bedrooms
  • 3 Bathrooms
  • Multi
  • Faubourg-Marigny Neighborhood
  • MLS Number: 763971
  • 1.5 stories
Amenities: Cathedral ceiling, pocket doors, wood flrs, 14 ft ceilings, yard w/pool, private bedrms & much more

Agent: Lisa Fury

Exterior Front

Exterior Front

JUST SOLD!

Spacious Cottage in Marigny

528 Franklin Avenue

Wonderful cottage with a large feeling in a compact footprint of 1680 square ft. Great layout with open kitchen/dining area, large living area, full bath down, french doors to brick courtyard. Three independent bedrooms up, master has balcony overlooking the street. Plenty of off-street parking available. Feelings Cafe across the street, Mimi's, coffee shop and bakery one block away. Walk to French Quarter. All measurements are approximate.

  • $279,500
  • Living Area: 1680 Sq Ft
  • Total Area:  1680 Sq Ft
  • 3 Bedrooms
  • 2 Bathrooms
  • Single
  • Faubourg-Marigny Neighborhood
  • 2 stories
Amenities:

Agent: Jennifer Pearl

2833 Dauphine St.

2833 Dauphine St.

JUST SOLD!

Longest Shotgun in the Marigny!

2833 Dauphine St.

The longest house in Marigny, this building is currently used as a popular art gallery. It has been stripped down to its historic and original details and is ready for your vision. It makes a shabby chic art gallery. As a residence, it would need finishing. Historically a triplex, this home has three kitchens, two working bathrooms and off street parking. It has a deep lot & the Press St. Corridor is right next door! Call Lisa Fury for more details, cell # (504)957-2422. Seller is motivated and will consider offers.

  • $149,000
  • Living Area: 2200 Sq Ft
  • Total Area:  2200 Sq Ft
  • Lot Size: 28 x 164 Sq Ft
  • 6 Bedrooms
  • 3 Bathrooms
  • Single
  • Faubourg-Marigny Neighborhood
  • MLS Number: 752408
  • 1 story
Amenities: 6 bedrooms, 3 kitchens, 3 baths, off street parking, front porch, rear & side yard.

Agent: Lisa Fury

905 Independence St.

905 Independence St.

JUST SOLD!

Adorable Side Hall Cottage at a Great Price!

905 Independence St.

A great opportunity to make this adorable cottage your home at an affordable price! Located in the heart of the Bywater, this lovely side-hall shotgun provides 2 private bedrooms, lots of closets, and a spacious 22 x 16ft great room which opens onto the kitchen. The landscaped patio also houses a 14 x 16ft studio equipped with electricity and A/C window unit, perfect for an office, guest room, workshop, or addtl. storage. Well maintained and ready for your personal touch.

  • $174,900
  • Living Area: 1033 Sq Ft
  • Total Area:  1257 Sq Ft
  • Lot Size: 27 x 95 Sq Ft
  • 2 Bedrooms
  • 1 Bathroom
  • Single
  • Bywater Neighborhood
  • MLS Number: 751919
  • 1 story
Amenities: Central A/H, alarm, private bedrms, dishwasher, stackable washer/dryer, & 224 sq ft bonus building!

Agent: Lisa Fury

Exterior

Exterior

JUST SOLD!

Esplanade Avenue Elegance

1433 Esplanade Avenue

Make this elegant Esplanade Avenue house your home! Grandly-proportioned double-parlors feature cypress pocket doors. Other architectural details include mantels, cove ceilings, French doors, hardwood floors, 12’ ceilings.
Spectacular kitchen features Jenn-Air refrigerator, O’Keefe & Merritt stove, Bosch dishwasher, custom cabinetry, and walk-in pantry. Spacious bathroom features oversized walk-in shower and mosaic tile floor. Enormous rear deck offers endless possibilities for outdoor entertaining. Two-car garage and double lot round out this special property. And just four blocks from the French Quarter!

  • $445,000
  • Living Area: 1926 Sq Ft
  • Total Area:  2551 Sq Ft
  • 3 Bedrooms
  • 1 Bathroom
  • Single
  • Treme Neighborhood
  • 1.5 stories
Amenities: Custom kitchen, huge rear deck, mantels, pocket doors, architectural details galore

Agent: Meg Lousteau


JUST SOLD!

Historic 1920's Commerical Building

2940 Canal

Historic former library, 3 floors with open floor plan. Sits on 3 lots with one lot providing parking for approximately 30 cars. Building has been gutted and a new roof was added. Owner will perform foundation work, install pigeon protection, paint the exterior and interior and remove shed. The price will increase as these items are completed. Property is eligible for Go Zone and Historic credits.

  • $629,000
  • Living Area: 9789 Sq Ft
  • Total Area:  9789 Sq Ft
  • Lot Size: 10080 Sq Ft
  • Complex
  • Mid-City Neighborhood
  • MLS Number: 728656
  • 3 stories
Amenities:

Agent: Jennifer Pearl


JUST SOLD!

Awesome Renovation

437 South Telemachus

Beautiful 2bed/2bath renovated single shotgun with a great layout set on an double lot w/ off-street parking. Stainless steel appliances, home warranty, and termite contract convey with property. Located just blocks from the streetcar line on Canal Street and close to great food and entertainment in Mid-City.Lush private yard with multi level decks and pergola. Seller will pay recycling(residential) fee til the end of 2008. Owner/Agent.

  • $199,000
  • Living Area: 1081 Sq Ft
  • Total Area:  1581 Sq Ft
  • Lot Size: 48x90x100 Sq Ft
  • 2 Bedrooms
  • 2 Bathrooms
  • Single
  • Mid-City Neighborhood
  • MLS Number: 731111
  • 1 story
Amenities:

Agent: James Howell

1032 France St.

1032 France St.

JUST SOLD!

Sleek Bywater Cottage

1032 France St.

Move Right In! Newly renovated single with historic details and charm. 1144 square foot shotgun home features wood floors, bead board ceilings, crown molding, exposed brick fire places and mantles, closets, lots of windows and natural light. Bathroom has been updated with marble floors, claw foot tub, and vintage bath fixtures. The kitchen has new bead-board cabinets, counters, Kholer cast iron farm sink, all new stainless appliances, and over looks the lush rear yard and patio. All new electrical wiring, plumbing and Central Air & Heat. Located near cafes, restaurants, churches, artist galleries, martial arts school, yoga studio, weekly farmers market, community centers, and only a bicycle ride to the French Quarter. Property is zoned B1-A and has commercial possibilities...Owner/Agent.

  • $179,900
  • Living Area: 1144 Sq Ft
  • Total Area:  1294 Sq Ft
  • Lot Size: 24x5/29x 104/65x38 Sq Ft
  • 3 Bedrooms
  • 1 Bathroom
  • Single
  • Bywater Neighborhood
  • MLS Number: 728933
  • 1 story
Amenities: New Central Air & Heat, Electrical, Plumbing, Stainless appliances,Kholer Farm Sink,Marble Bathroom,

Agent: Lisa Fury


JUST SOLD!

Tropical Marigny Retreat

1020 Music St.

Great renovation of this classic Victorian with beautiful wood floors and historic details through out. The spacious eat-in kitchen features butcher block counters, lots of cabinets, Jenn Air appliances, and Kholer fixtures.

Master bath sanctuary has Kholer "Tea for 2" drop-in bath. Open the doors and relax, almost every room opens onto the side gallery, front porch, rear deck, and large yard. Great for entertaining and peaceful living.

  • $235,000
  • Living Area: 1529 Sq Ft
  • Total Area:  1800 Sq Ft
  • Lot Size: 27 x 154 Sq Ft
  • 2 Bedrooms
  • 2 Bathrooms
  • Single
  • Faubourg-Marigny Neighborhood
  • MLS Number: 794444
  • 1 story
Amenities: Top to bottom Renovation with Central A/H, Top of the line Jenn Air appliances, Butcher block counte

Agent: Lisa Fury


JUST SOLD!

Quarter Studio with Private Balcony

812 Esplanade

Classic French Quarter studio with hardwood floors, the original fireplace, and granite tile in the kitchen and bath. Escape from the city in this second floor, air-conditioned unit with closet space, custom bamboo window shades, and a Jacuzzi tub. French doors open onto private balcony for a great view of the courtyard and shared pool. Doors away from Port of Call's legendary burgers. Onsite laundry.

  • $189,000
  • Living Area: 484 Sq Ft
  • Total Area:  600 Sq Ft
  • 1 Bedroom
  • 1 Bathroom
  • Condo
  • French Quarter Neighborhood
  • MLS Number: 718903
  • 2 stories
Amenities:

Agent: Helen Krieger


JUST SOLD!

4-plex with a view of the Quarter

3135-39 Burgundy

Beautiful 4 unit building with lots of charm on 1/3 acre, minutes to the F.Q. Building boast floor to ceiling windows leading to balcony with view of the Mississippi River, wood floors, 12 ft ceilings, Lg. landscaped grounds w/2 private decks, 8 car garage & room for development.

New C A/H. 3 of 4 units renovated. Condo docs avail. or use as rentals. Loads of potential, great for owner occupant or developer. Motivated Seller. Must See.

  • $580,000
  • Living Area: 4500 Sq Ft
  • Total Area:  4500 Sq Ft
  • 7 Bedrooms
  • 4 Bathrooms
  • Multi
  • Bywater Neighborhood
  • MLS Number: 718834
  • 2 stories
Amenities:

Agent: Lisa Fury

 

OPEN HOUSE SUNDAY July, 18th 1-3pm

3019 Banks.

3 bedroom 2 bath
1830 square feet
wood floors
high ceilings
central air and heat
lot of closets space
off street parking
nice work shop/shed
ready to move in.
Must See!

Super low interest rates make it a great time to buy!!

By MJ Sauer on 7/18/2010 12:59:00 PM



30-year fixed-rate mortgage stays at record low Mortgages - MarketWatch

30-year fixed-rate mortgage stays at record low Mortgages - MarketWatch

By MJ Sauer on 7/18/2010 12:54:00 PM



CONGRESS EXTENDS HOMEBUYER TAX CREDIT!

Bill extends homebuyer tax credit into next year.

By Tami Luhby, CNNMoney.com senior writer

NEW YORK (CNNMoney.com) -- New homebuyers are poised to see the $8,000 tax credit extended into mid-next year.

The legislation extends the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.

The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. That measure would apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years.

The credit would be available only for the purchase of principal residences priced at $800,000 or less.

The bill would raise the adjusted gross income cap to$125,000 for single filers and $225,000 for joint filers. The amount of the credit currently begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.

"It's gonna put people back to work, the home builders, put people in the real estate business," said Sen. Chris Dodd, D-Conn. "The kind of jobs that can make a difference."

The extension will cost $10.8 billion over 10 years, according to the Joint Committee on Taxation.

Through mid-September, 1.4 million tax returns had qualified for the credit, according to the IRS. Some portion of those returns, which the IRS couldn't specify, represents buyers who took advantage of an earlier version of the tax credit, which was only worth $7,500 and has to be repaid over time.

By the end of November, the credit will have been used by 1.8 million homebuyers, at least 355,000 of whom would not have bought a house without the tax break, according to estimates by the National Association of Realtors.

"The data on the present home buyer tax credit show that the credit has had its intended impact -- sales have jumped in recent months to a projected 5.1 million for the year and housing inventory has been trimmed, thus stabilizing home prices noticeably," said Ron Phipps, the association's first vice president, in Senate testimony last month.

By MJ Sauer on 11/6/2009 11:30:00 AM



Tax Credit Provides Outstanding Opportunity for Home Buyers

A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

http://www.federalhousingtaxcredit.com/2009/faq.php

By MJ Sauer on 8/25/2009 12:21:00 PM



 

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