Anna-Lise Troup's Tucson Area Real Estate Update: January 2010

Tucson AZ Real Estate | Davis-Monthan AFB Homes | Anna-Lise Troup
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Monday, January 25, 2010

Arizona ranks No. 5 among happiest states

People in sunny, outdoorsy states say they're the happiest Americans, and researchers think they know why.

A new study comparing self-described pleasant feelings with objective measures of good living found these folks generally have reason to feel fine.

The placed where people are most likely to report happiness also tend to rate high on studies comparing things like climate, crime rates, air quality and schools. ARIZONA WAS RANKED NO. 5!

The happiness ratings were based on a survey of 1.3 million people across the country by the Centers for Disease Control and Prevention. It used data collected over four years that included a question asking people how satisfied they were with their lives.

Source: Excerpts from article in Arizona Daily Star, Friday, December 18, 2009

# posted by Anna-Lise Troup @ 11:26 AM

Home Buyer Tax Credits - Special Rules for Members of the Military

Congress has acknowledged the unique circumstances affecting members of the military, foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first time home buyers and the $6500 tax credit for repeat home buyers.

EXEMPTION FROM TAX CREDIT RECAPTURE RULES
-Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
-However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.

EXTENSION OF TAX CREDIT DEADLINES
-The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by June 30, 2010.
-However, for qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

DEFINITIONS
-"Qualified service member" means a member of the uniformed services of the US military, a member of the Foreign Service of the US or an employee of the intelligence community.
-"Official extended duty" means any period of extended duty while serving at least 50 miles away from home for a period in excess of 90 days.

# posted by Anna-Lise Troup @ 11:18 AM


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Tucson AZ Real Estate | Davis-Monthan AFB Homes | Anna-Lise Troup
About Anna-Lise Troup's Tucson, AZ Real Estate Website: The www.tucsonrealestate-davismonthanafbhomes.com web site provides Southern Arizona including the fine communities of Tucson, Vail, Sahuarita, Oro Valley, Marana, Corona De Tucson, Rita Ranch, Rancho Del Lago and Southeast Tucson, Arizona real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Tucson area. Anna-Lise Troup (Sometimes spelled as Anna-Lisa Troop or Troupe) has services to help you get the best value for your Tucson home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Tucson REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Tucson, AZ, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Anna-Lise Troup can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Anna-Lise speaks  your language.
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