2011: Paying for the Homebuyer Tax Credits - The Cost Runs Deep
- 12/31/10 07:11 AM
In November of 2009, I wrote a blog post entitled Was the Tax Credit Extension a Good Idea? Here is an excerpt: In my opinion, tax credits have become subsidies distorting the real estate market. I believe that any further extension or expansion of this program, with the exception of those benefits due our military, will be counterproductive. I say it's time to help homeowners. Figure out how to give them $8,000 so that they don't have to sell as a short sale. There are a lot of well loved homes in excellent condition that would make ideal homes for new … (4 comments)
2011: 2011 Salt Lake Housing Forecast Breakfast
- 12/29/10 05:11 AM
Please let me know, by January 5th, if you would like to join me! I have four extra tickets available for non-Realtor® guests. If you're thinking about buying or selling a home, this event would provide much more relevant, decision making information than the news you get from any of the national media outlets. All real estate is local, and this is OUR local housing report. (Salt Lake Realtors) BOARD OF DIRECTORS MESSAGE ... 2011 Salt Lake Housing Forecast Breakfast on Tuesday, Jan. 11 at 8 a.m. at the Little America Hotel in downtown Salt Lake City. This year Lawrence Yun, … (1 comments)
2011: CNBC's How's Housing? Report
- 12/22/10 11:55 AM
The news contained in this report is simply that 2011 will continue to be a strong buyer's market. Sellers who have been holding off listing their homes for sale, anticipating real estate values to recover, are going to have to wait at least 12 - 18 more months to see any improvement. It is NOT going to happen this spring. This is not necessarily bad news. If a seller is also looking to buy a home, then they should be able to take advantage of home prices comparable to those in 1997. Interest rates are still at or below 5%. Two … (2 comments)
In November of 2009, I wrote a blog post entitled Was the Tax Credit Extension a Good Idea? Here is an excerpt: In my opinion, tax credits have become subsidies distorting the real estate market. I believe that any further extension or expansion of this program, with the exception of those benefits due our military, will be counterproductive. I say it's time to help homeowners. Figure out how to give them $8,000 so that they don't have to sell as a short sale. There are a lot of well loved homes in excellent condition that would make ideal homes for new … (4 comments)
;)
;)
;)
