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GOOD NEWS FOR BUYER'S AND SELLER'S
Date Posted: Friday, November 6, 2009 Today President Obama signed the bill which extended the $8,000 First-Time Homebuyer Tax Credit and Advance Loan Program to April 30, 2010 – giving more consumers more time to receive the refundable tax credit when buying a principal residence. First-time Homebuyer Tax Credit and Advance Loan Program Extended
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First-time homebuyers eligible for tax credit
First-time homebuyers can now take advantage of the tax credit of up to $8,000 now available if you are a qualified first-time homebuyer and purchase a home before December 1st, 2009.
Highlights:
♦Tax credit for first-time home buyers only (have not owned a home in the past three years)
♦This tax credit does not have to be paid back
♦Must purchase your new home from January 1st, 2009 through December 1st, 2009
♦Tax credit is equal to 10 percent of the home’s purchase price up to the max of $8,000
♦Single taxpayers with income up to $75,000 and Married couples with income up to $150,000 qualify for the full tax credit.
I highly recommend contacting your accountant or visiting www.federalhousingtaxcredit.com to get the full details.
This is great because this year the first-time home buyer does not have to repay this like they did in the past. (Disclaimer there is a time limit you must live in the home or repayment can be due.)
A recently released Harris Interactive poll asked Americans where they would choose to live if they did not live in the state where they are now. 2,498 U.S. adults were surveyed online between August 10 and the 18, 2009, and Tennessee made the top 10!
1. California
2. Florida
3. Hawaii
4. Texas
5. Colorado
6. Arizona
7. North Carolina
8. Washington state
9. TENNESSEE
10. Oregon
Of course, we already knew that Tennessee, East Tennessee was the best place to live!!
[SOURCE: Business Wire]
Knoxville, Tennessee tops national list for relocating families
Worldwide ERC, a trade association for work force mobility, and primacy relocation, a Memphis based provider of employee relocation services, ranked Knoxville, Tennessee as the 4th best medium size metropolitan area in the country for relocating families; also ranked Nashville as 20th among large cities.
They looked at several factors: cost of living, housing costs, crime rate, education, quality of life, climate, recreation, leisure, arts and culture, air quality, sales tax, unemployment rates, job growth, area educational levels, school expenditures per student, students in public school, SAT/ACT percentile, and population growth.
The rankings are based on factors such as education, climate, a cities arts and culture scene, and diversity. Source:
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Knoxville, TN History
Knoxville Tennessee real estate and information gateway
THE HISTORY.....Late in the 18th century, hardy frontiersmen crossed the Appalachian into the valley of “The Tennessee ". At the junction of the Holston and French Broad rivers, General James White established White's Fort; later renamed for George Washington's secretary of war, Henry Knox. In 1792, the first frame house west of the Appalachians, Blount Mansion, was built to accommodate the governor of the vast territory south of the river Ohio. Both White's Fort and Blount Mansion remain amid the central business district; allowing us to share a bit of the past.
In 1796, when the territory of the United States south of the river Ohio became the state of Tennessee; Knoxville became the first capital of Tennessee...and remained so until 1812. Knoxville's John Sevier was the first governor of Tennessee, serving six terms in all. Elected in 1816, Tom Emmerson served as the first mayor of Knoxville. The first official census, taken in 1850, showed a population of 2,076. Read more under East TN Information Tab
LOCATION AND CHARACTERISTICS... Knoxville lies in the shadow of the Great Smoky Mountains and the Cumberland Mountains. The mountains provide Knoxvillians with beautiful national and state parks that have an abundance of recreational activities to choose from.
Knoxville is centrally located in the eastern United States. Knoxville is the hub for three major interstates, I-40 from North Carolina to California, I-75 from the Great Lakes to the Gulf of Mexico, and I-81 from Canada to Knoxville. More than 60 million Americans are within a day's drive of Knoxville.
Knoxville is served by both major and regional air carriers; American, United, Delta, Northwest, TWA, USAir, Airtran Airways, Lone Star and Comair. Cherokee Aviation and Knox Air are the fixed base operators offering private and charter services. Additional air service information is available from the Airport Authority, phone [ 865 ] 970-2773.
Adjacent to the Knoxville Airport is the McGhee Tyson Airbase with the 134th Air Refueling Group and elements of the Tennessee Air National Guard. The airbase offers two runways of more than 9,000 feet and additional support facilities. Downtown Knoxville is served by the downtown Island Airport, adjacent to the business district. Stevens Aviation Services private aircraft using its facilities and the 3500 foot runway.
The French Broad and the Holston Rivers converge in Knoxville to form the headwaters of the Tennessee River which begins the 650 mile River Navigational Channel. Read more under East TN Information Tab
GREAT SMOKY MOUNTAINS NATIONAL PARK... Evidence exists that as long as 15,000 years ago, Indians might have inhabited the Great Smoky Mountains. The highly civilized Cherokee Indians were hunting, farming and living in the foothills when the first Europeans arrived in the late 1500's. The Great Smoky Mountains National Park, the first of its kind, was authorized in 1934 and dedicated by President Franklin D. Roosevelt in 1940. The park has since grown to its current size; 510,030 acres of beautiful ridges, hollows, river gorges and coves. Some of the richest and most diversified plant life in the United States, as well as the largest stand of virgin timber east of the Mississippi, are incorporated within its scenic beauty. This most visited national park hosts more than 8.45 million visitors annually and is only 45 minutes from Knoxville.
CADES COVE: The quiet beauty of this famous cove provides the best wildlife viewing within the park area. The visitor today can view the landmarks of this early settlement from the 11-mile loop road that circles the western boundaries of the cove. The first settlers arrived in 1819 and by 1850, 132 families inhabited the cove. Today, evidence of these early settlers can be seen in the log structures, churches and church cemeteries that they left behind. Movie watchers will remember cove scenes from "Walk in the Spring Rain" , "Christy" and "The Dollmaker". Source: ACCRA, Second Quarter, 2005