Are you are thinking of buying a home in the next year? Or are you a Realtor that needs to sell more homes?
Then the article, "New Tax Credit may be worth pouncing on," written by Kenneth Harney in today's Washington Post is a must read...
This article is the clearest explantation I have read of the new tax credit, that took effect on November 6th...
While last years tax credit for "first time home buyers" impacted relatively few, I believe the new tax credit will have a major impact.
Not only does the new law extend the first time home buyer credit until June 30, 2010...
But now, most that have owned their home 5 years or more and buy another home will be eligible for a $6500 tax credit. This describes almost everyone I know!
Whether a buyer is moving into a bigger home or downsizing to a small condo, most who have owned their current home 5 years will be eligible...
I believe this tax credit will be the nudge many need to fall off of the proverbial fence...
2010 is the year volume will return to the real estate market...
Are you ready?
Ken
A Realtor you can trust.
p.s. I have found Kenneth Harney on Facebook and become a fan. I am #24...
Kenneth Harney Washington Post on Facebook
I'm not quite as optimistic as you. I hope that you are right!