At Legacy Homes of Pueblo, it’s not about housing.  It’s about home ownership.  Nobody builds homes like we do. Nobody.  Give us a call or stop by our model home.  We’ll show you why.

1035 E. Longsdale Drive in Pueblo West, Colorado

NAHB: Housing Starts Rise 7.2 Percent in March.

Legacy Homes of Pueblo would like to encourage all interested buyers to view this short video concerning the current market.

Freddie Mac (FMCC.OB) said on Thursday that the rate for 30-year fixed mortgages averaged 4.35% over the past week, up 3 basis points from the previous week. Rates for shorter-term mortgages were mixed, with 15-year fixed rates remaining stable, five-year adjustable rates up slightly and one-year ARMs trending lower.

It was the first weekly rise in 30-year fixed rates in nearly three months and only the third time those rates have risen since mid-April. The government has been spending hundreds of billions of dollars to ensure that rates stay low, hoping to sustain an economic recovery that has recently been thrown into question.

Frank Nothaft, Freddie Mac’s vice president and chief economist, pointed to a host of economic data last week that came in better than market expectations. A Labor Department report showed growth in private, non-farm payrolls last month, while estimates for June and July were upwardly revised. Additionally, pending sales of existing homes rose in July – an encouraging offset for reports of sharp declines of completed sales of new and existing homes.

In a nod to recent market sentiment – not-horrible news has effectively become the new good news – Nothaft called the jobs report “somewhat sanguine” and the pending-home-sales report “a hopeful sign that existing home sales picked up toward the end of summer.”

–Written by Lauren Tara LaCapra in New York.

via Mortgage Rates Rise on Jobs, Housing Numbers – TheStreet.

Legacy Homes of Pueblo is proud to help sponsor the 2010 Chile & Frijoles Festival!  Come visit our booth during September 24th- 26th.  We’ll have our floor plans displayed, staff to answer your questions, and free T-Shirts.  Don’t miss the event!  Other festival activities include: live music, cooking competitions, a 5K run, ethnic dancers, performing and visual arts, and a children’s zone. Festival hours are Friday, 3pm-11pm;
Saturday, 10am-11pm; Sunday, 10am-6pm.

We’re building yet another house in Pueblo West!

$8,000 First-time Home Buyer Tax Credit at a Glance

• The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
• The tax credit applies only to homes priced at $800,000 or less.
• The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
• For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
• For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

• To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
• The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
• The tax credit applies only to homes priced at $800,000 or less.
• The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
• Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

What a huge success the 4th of July weekend was! Parade Float and our Bluegrass social mixer! What a fun time!

Welcome to the new site by Legacy Homes of Pueblo, Inc.  Please check back regularly.  Just as we are always building something new, the same is true for our website.  We’re expanding and adding on things constantly!