The Economic Stimulus Package

By
Real Estate Agent with LA Condo Lifestyles

By Coco Clayman-Cook

We've all been waiting to see what help for home owners would be coming down the pike.  The new $8,000 refundable tax credit may not be all that we had hoped for, the $15,000 tax credit had a nicer ring to it but it was split over two years, still this is at least a jumping off point.

With the cost of owning approaching the cost of renting more and more people should be moved to buy.  An $8,000 incentive will hopefully be the straw that topples the camel's back and encourages more buyers to the market.  Let's all hope that more hope is on the way.

In the meantime it is so important that we all stay positive and roll these new policies out to as many people as they can help.

Comments (6)

Joyce Heffner-Williams
Keller Williams Clients' Choice Realty - Monument, CO
Owner/Broker/EcoBroker - Monument Real Estate

I appreciate your blog and just subscribed.
Make it a great day!

Apr 27, 2009 12:38 PM
Eric Reid
Renaissance Realty Group of Keller Williams Atlanta Partners - Lawrenceville, GA

I think its time to stop waiting ..and start acting if buyers keep waiting the "best deal bus" may pass them by.

Apr 27, 2009 12:41 PM
Harrison Painter
GoGladiator Media - Carmel, IN
New Media Consultant

I do think that many Realtors are waiting for this magic fairy dust to boost the economy, but at the end of the day, people are still buying and selling real estate. We just need to get out there, spread the word, and make real estate happen!!!!!

Thank you for your post!

- Harrison

Apr 27, 2009 12:45 PM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Coco!  If these incentives don't push a buyer to actually buy, what will?  Too bad the incentive isn't for everyone!

Apr 27, 2009 12:54 PM
Anonymous
Anonymous

Great post. Yes, the time to move forward is now.

Apr 27, 2009 01:13 PM
#5
Andrew Chong
Realm Real Estate Professionals - Houston, TX

It is what it is. More would be better but it's better than the first version. Nonetheless, people still want to buy regardless of any incentive (relocation, bigger family, low prices, etc.). I say increase lead generating activities and don't stop until retirement.

Apr 27, 2009 02:17 PM