We had a fabulous seminar last week for first time home buyers. The purpose of the event was to provide education and resources for people wanting to purchase their first home. It was held in Broomfield, Colorado at the North Metro Denver Realtors Association.
Several factors have come together this year, including lower interest rates, a large supply of homes, lower purchase prices, down payment assistance programs, and tax credits, all creating a unique opportunity for many people considering a first time home purchase. As part of The American Recovery and Investment Act, the U.S. Government is offering up to an $8,000 tax credit to first time home buyers who purchase a home before November 30, 2009. The class is just one part of the public outreach that our office is doing for first time home buyers. The National Association of Realtors estimates that first time home buyers comprise about 40 percent of the housing market. They are a critical component of not only the housing recovery, but the overall economic recovery as well. When first time buyers purchase a home, it allows the owner to sell and buy another home, and so on.
The next first time home buyer class will be held May 26. For more information, contact Chip Bruss at 303-463-3660 or chipbruss@kw.com.
