More and more housing activity is being generated by the recent policy that offers up to $8,000 tax credit for first time home buyers or those purchasing after renting for three or more years. I am seeing more people entering the market to hopefully take advantage of this offering in conjunction with historically low interest rates offered too. And for Charlotte, the opportunity to purchase in a buyer's market is indeed attractive for many.

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, recently said the Federal Housing Administration is going to permit its lenders to allow homebuyers to use the $8,000 tax credit as a down payment. The move will allow eligible homebuyers to access the funds immediately at the closing table. Be sure to share this with a friend or family member as the policy sunsets November 30 of this year. Happy to answer questions too.

Source: North Carolina Association of Realtors