tax credit: Did the Tax Credit Affect the Real Estate Market?
- 08/28/10 06:23 PM
As most people know that the federal government 1st time home-buyer $8,000 tax credit that was offered to all that closed on a home prior to June 30,2010 caused a large increase in national real estate sales in June, but what many may not know is what did that tax credit do the the market in July?
Due to the large amount of buyers and sellers that closed on their homes in June there was a huge decrease in residential sales in July. I personally believe that the Tax Credit moved buyers in and out of the market faster then … (7 comments)
tax credit: Tax credit is extended and expanded
- 11/12/09 03:18 AM
I am extremely pleased to share with you news about an exciting new tax credit, designed for first time home buyers and existing homeowners. The new bill calls for an incentive for existing homeowners who have owned their current homes at least five years, making them eligible for tax credits of up to $6,500 when they purchase a new home. First time homebuyers - or anyone who hasn't owned a home in the last three years - would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010 and close … (0 comments)
tax credit: Fort Collins Real Estate Market Update
- 06/06/09 08:20 AM
The Last few weeks have marked a huge turning point in a few key sectors of our real estate market. I am sure my real estate colleagues would agree with me that we have seen a sizeable increase and recovery of our local market. For the 1st time in two years we are dealing with a shortage of inventory in the $180,000-250,000 price point. The houses in this area are "flying off the shelf." One of the hottest areas is "Campus West." This is the area just west of Colorado State University where most of the students that live off campus find … (0 comments)
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As most people know that the federal government 1st time home-buyer $8,000 tax credit that was offered to all that closed on a home prior to June 30,2010 caused a large increase in national real estate sales in June, but what many may not know is what did that tax credit do the the market in July?
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