The Today Show called Durham one of the nation’s five most affordable cities in the nation in their segment titled “Real estate steals in fun, affordable cities.”

Criteria for inclusion in their list included:

• Cost of living
• Average household income
• Average home price
• Quality of life

Visit msnbc.com for breaking news, world news, and news about the economy

Use It Your Way Flex Cash Save with FlexCash on beautiful Standard Pacific design upgrades at 50% OFF on Pre-Sales Or use it toward closing costs, up to $8,500 Plus a FREE Move-In Package on Quick Move-In Homes. Either way, it’s your choice!   Limited Time Tax Credits   First-time buyers may now qualify for up to $8,000 in tax credits and current owners may now qualify for up to $6,500. Learn More     Lower Payments For The First Year   Standard Pacific Mortgage can make it happen! You will receive a FREE 1-0 Buydown. Let us help you select the financing program that best suits your needs.  All terms described above, including without limitation prices, programs, floor plans, features and dates, will vary by neighborhood and by home site, are subject to change without notice, and are available for sales contracts signed and accepted between March 5, 2010 and March 31, 2010. Lower payments for the first year apply to 30-year fixed rate loans.  The interest rate is reduced by 1% for months 1 through 12, and then reverts to the full fixed rate for the remaining term of the loan.  The availability of specific mortgage loan types, interest rates, programs and other terms and assistance from Standard Pacific will vary by neighborhood and by home site, and are subject to borrower credit qualification.  Mortgage loan assistance from Standard Pacific is limited to participating lenders.  Other conditions may also apply.  You must consult with a Standard Pacific Sales Representative for full details concerning applicable conditions. Standard Pacific Mortgage, Inc. is licensed by the North Carolina Commissioner of Banks AL-146109-101, 102, L-146109.

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Standard Pacific Homes will be at the Home Buyers Fair at the Streets at Southpoint in Durham, NC this Saturday! Will you?

The Home Buyers Fair is a free event that provides potential home buyers and sellers a fun way to learn about the current real estate market, tax credits and financing options. At the fair, you’ll be able to talk with Realtors, mortgage companies, insurance companies and more. We’ll have a booth there, and can’t wait to see you!

In addition to the information booths, free, informative mini-sessions will be held at the mall Center Court during the fair. These little seminars are designed to arm home buyers with valuable advice. The four mini-sessions include “Assistance Programs for First-Time Buyers,” “Green Choices = CASH,” “Finding and Working with a Realtor” and “The Homebuyer Tax Credit and You.”

Want to join us? Here are the details:

• Saturday, March 6 from 11 a.m. – 7 p.m.
• Free admission
• The Streets at Southpoint Mall: 6910 Fayetteville Rd. in Durham

The Home Buyers Fair is sponsored by the Durham Regional Association of Realtors and The Home Builders Association of Durham, Orange & Chatham counties.

Up to $8,000 for first-time buyers who qualify

Up to $6,500 for existing homeowners who qualify

The newly expanded Federal Tax Credit program makes now  a great time to buy a new home. Standard Pacific Homes is  ready to help you take advantage of this exciting new  opportunity.

Now, you may qualify whether you’re buying for the first time, or have owned a home for at least five of the past eight consecutive years.

• You must sign a purchase agreement prior to April 30, 2010, and must close before July 1, 2010.
• The income limit is $125,000 for single filers and $225,000 for joint filers.
• Available for the purchase of a principal residence with a purchase price of $800,000 or less.
• Tax credit does not have to be repaid as long as your home remains your principal residence for three years.
• Can be claimed on a 2009 or 2010 tax return.
• Tax credit for first-time homebuyers: Qualifying taxpayers can claim up to 10% of the purchase price. The maximum credit is $8,000, or $4,000 for married individuals filing separately.
• Tax credit for existing homebuyers: Qualifying taxpayers can claim up to 10% of the purchase price. The maximum credit is $6,500 if your previous home was a principal residence for five of the past eight years.

Visit our Raleigh-area neighborhoods today! Consult your tax professional for complete tax credit details. For a general summar, visit federalhousingtaxcredit.com.