Increase in Construction

Mortgage and Lending with First Community Bank NMLS #405459

Good morning all!  We are in the final stages of summer and the first days of fall are right around the corner.  We have seen that refinances are still around but more surprising is the amount of purchases we have been doing!  There have been many new purchases coming on as well as new construction loans!  Seems that builders are building homes as fast as they can so their buyers can beat the November 30th deadline for the $8,000 tax credit.

Economy in Helena seems to be holding steady and hopefully increasing.  Other parts of the state are much slower and even Billings I hear is starting to slow down.  I am very optimistic about Helena coming out of the recession with all of the affordable housing that is popping up all over the Helena area.

I hope that the builders will be able to meet the November deadline.....what happens after November 30th?  I hear there won't be anything done until the health care issue has been taken care of.  I have heard rumblings that they may extend this tax credit but nothing has been decided on.  I will keep you informed. 

Comments (1)

Melissa Polce
ERA, Wilkinson Real Estate Charlotte - Huntersville, NC
Lake to Land, I've Got It Covered!

Good luck to you in Helena, and I do hope they extend that tax credit...they have helped the carmakers, how bout us realtors! :D

Aug 31, 2009 03:05 AM