The American Dream is Alive & Well!

Homeownership is still the American Dream for most of us,

and as the housing market begins to slowly mend, many are
learning that now is actually a great time to consider the
purchasing of a new home. If you are one of the many
thousands who would like to buy a new home but have
been waiting to see what happens in the market, you might
be interested to learn that as of now, there is an ample
supply of affordable building lots available, costs are down
making new homes much more affordable, interest rates are at record lows, and there are many
tax incentives you will receive as a homeowners, all of which makes today a very attractive time
to buy a new home.

The ample inventory of land that is available today includes building lots that have been reduced
in price and are ready to build on. These same lots that were unaffordable just a couple of years
ago are now obtainable at affordable prices throughout the entire Tampa Bay area, making it an
attractive time to consider building that new home you have been dreaming about for so long.

Along with construction costs and home prices being at their lowest level in years, most builders
are offering many incentives with the purchase of a new home. When you consider that, and then
factor in the many energy saving, “Green,” and “Energy Star” features that are now included in
so many new homes today, along with all of the code changes that have been added to new
homes to make them more hurricane resistant, it makes even more sense to purchase a new home
today.

Another thing to consider is that current mortgage interest rates are now extremely favorable for
new home buyers. In fact, a 30 year fixed rate mortgage is now hovering at a 30-year low, and
although no one can accurately predict whether interest rates will go up or down, waiting to see
which way they will go can be a dangerous and losing gamble. Consider that FHA is now
offering loans today with just 3.5% down and when you take that into account, along with the
low interest rate that is available, it is easy to realize that your mortgage payment would
probably be less than what you are paying in rent today.
 
Home ownership also makes a lot of sense because of the many positive tax implications. The
most important sources of tax savings for you as a homeowner, will be the deductions you
receive because of your mortgage interest, the deductions you receive for your paid real estate
taxes, and the capital gain exclusion you receive when you eventually sell your home. The
mortgage interest and real estate tax deductions alone will reduce your annual cost of
homeownership by reducing your tax liability each year. 
 
So, because of the fact that we know that building lots today are much more affordable, we know
that new home prices are down, we know that there are many builder incentives available, we
know that interest rates are low and we know there are many tax saving incentives available to
you as a homeowner, it is nice to know that the American Dream of home ownership is still alive
and well and it is clear that it still makes a lot of economic sense to own your own home.

For more information on buying a new home and to learn more about the many home buyer
advantages that are available today, call American Housing Builders, Inc. at 727-546-6611.
American Housing Builders are located at 6580 72 Ave. N. in Pinellas Park, Florida 33781 and
our web site address is www.AmericanHousingBuilders.com.