Just a few weeks back, I posted information about Low Rates, High Inventory and the new Tax Credit for First-Time Homebuyers making this a great homebuyer's market. Yesterday's Seattle Times (Sunday, March 22, 2009) confirms this with a huge story in their Real Estate section.Today it is possible to obtain a 30 year fixed FHA loan for well under 5% interest.  (Buyers must qualify and rates and fees change from day to day). 

Average area home prices are at the lowest level since May 2005, creating even more opportunity.  The Times article did a nice job of re-stating the 10% tax credit (not tax deduction) up to a maximum of $8000.  The credit also has some income limitations.

I would be happy to talk with you about any homebuyer questions.  First-time homebuyer or otherwise!

March 24, 2009