What impacts will I see in the real estate market with the American Recovery and Reinvestment Act of 2009?

American Recovery and Reinvestment Act of 2009

This information can be found on the website; the National Assocation of Realtors.  The one I believe to have the largest impact on the real estate industry is the $8,000 tax credit.  If you are a first-time home buyer, with low interest rates and the $8,000 tax credit, call Jeremy Williams of Keller Williams Realty NE to begin your home search today and take advantage of the current opportunities.

Brief Explanation of the Homebuyer Tax Credit

  • $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009
  • Credit does not require repayment.
  • Credit will be claimed on a tax return to reduce the purchaser's income tax liability.
  • If any credit remains unused, the unused amount will be refunded to the purchaser in the form of a check.

To obtain more information, contact your CPA to see how you can take advantage of this tax credit as a first-time homebuyer.

Jeremy Williams is a residential real estate specialist with Keller Williams Realty NE located in Kingwood TX.  Jeremy provides real estate services to Kingwood, Humble, Atascocita, Fall Creek, Summerwood, Eagle Springs, Lakeshore, and Walden on Lake Houston.  For more information visit www.williams4yourhome.com or read more at Jeremy's blog NE Houston Real Estate | Williams4YourHome.

 

 

 

 

 

kheinrich@firstam.com www.fatcohouston.com

 

Tweet This
Tweet
This

Subscribe

Subscribe to RSS
Follow on Twitter
 
 
Post is included in group: Growth Leader
Post is included in group: More Referrals: Strategies & Tips on Getting More Referrals
Post is included in group: Prudential Gary Greene
Post is included in group: Realtors®
Post is included in group: Texas Real Estate

3 Comments on Will I see an impact from the American Recovery and Reinvestment Act?

MAR
05
2009

Great information, Kevin.  Thanks for the post!
10:15pm • #1
858,969 Points 184 Featured Posts Attended Rain Camp Called Shot Master

To answer your question....probably not a lot of impact...are we really thinking that $8000 will make someone not already thinking about it move to buy?
11:20pm • #2
MAR
06
2009
974,136 Points 93 Featured Posts Outside Blog Called Shot Master

It is interesting but the lower rates and the 8K credit  has not made the phones ring more.  I think buyers are actually dissappointed.
12:40am • #3


Spam prevention

To submit the form,
drag the umbrella to the circle on the side.

Image?id=e977acfd37edf7983beba2f9a19bc25fae8f0e1e Image?id=486ffd753ac59ccc32219a8790dc5fc3313de1f8 Image?id=86c516f527dff5362a0c1fce9bc1f6189e9ba467 Image?id=26945556677b1e447461f5dce25f7776bd3bb4eb Image?id=eaedde26f9ee2a581ea29cd0d745d6a92dd06f18

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
Leave a response…

(optional)
Spam prevention

To submit the form,
drag the robot to the circle on the side.

Image?id=a0d96b5ec3990ff8def5d8505bd2303f5b08575a Image?id=8833ec0c911c3f99b6997f550e0e5be61ce01232 Image?id=0a3215318f931ea8a3ba2c9fe53d12bb7003de94 Image?id=ecce888b089e51e3190da52ae618a05b6d7981f3 Image?id=637a37b430d0002be0f29bb89d1d1814112af5fe

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
 
Kevin Heinrich (Heinrich Group) Rainmaker_large

Kevin Heinrich

Clear Lake City, TX

More about me…

Heinrich Group

Address: 5827 Beaver Falls Dr., Houston, Tx, 77346

Office Phone: (281) 488-0607

Cell Phone: (281) 723-1982

Email Me

Real Estate News with a Value added punch Clear Lake Texas Real Estate

I think this is a good rule to live by! "We are not put on this earth for ourselves, but are placed here for each other. If you are always there for others, then in time of need, someone will be there for you." ~ Jeff Warner

One last thought for the day:

"Winners Make it Happen, Others Let it Happen!"

kheinrich@firstam.com www.fatcohouston.com

Real Time Web Analytics

Clicky

ButtonGenerator.com


Listings

Links

Archives

RSS 2.0 Feed for this blog