$8,000 tax credit - EXTENSION and EXPANSION

By
Real Estate Agent with Principal Property Brokers

Yes, there is quite a bit of chatter out there about EXTENDING the tax credit.  IN ADDITION to the extension, there is considerable effort towards EXPANDING the TAX CREDIT beyond FIRST TIME HOME BUYERS to include resellers/buyers.

NO, this has not happened yet!  But stay in touch with me at http://www.FelidaHomes.com or http://www.VancouverHotListings.com

The Expansion of the tax credit to 2nd or 3rd time homebuyers will likely provide incentive to people who have been sitting on the fence.  This coming year, (if this passes), I would expect to see both the MEDIAN and AVERAGE home price INCREASE.

Does this mean RISING HOME VALUES?  Im not so sure, but should bring some increased activity and some pressure on pricing moving UP,   For pricing to move up significantly, We need more employment and more light in the ECONOMIC RECOVERY.

HOME SELLERS and HOME BUYERS, This could be "the perfect storm".  If you have been thinking of a change, DOWNSIZING, UPSIZING, more land, less land, NEWER or what ever your goal, This could be the perfect time to make a change!  With LOW INTEREST RATES, and signs pointing upward,  placing yourself in your new home means, the appreciation comes in the HOME you want to be in for the next 10 years, not the one you have been in, and no longer suits you.

If I can help you PLAN your next MOVE, call me or visit me at http://www.FelidaHomes.com

You can also order a MARKET SNAPSHOT.  It will show you the SALES activity in YOUR NEIGHBORHOOD, complete with listing and selling prices, averages, time on the market.  Flyer information TOO!

HOME SALES IN YOUR NEIGHBORHOOD - The Market Snapshot

Always at your service,

Gloria Matthews, Jensen White Real Estate
FelidaHomes.com
360-600-3042

here's an article regarding the pending legislation, below!

 

Industry's Most Powerful Associations Send Letter to Administration Advocating for Extension of Homebuyer Tax Credit

RISMEDIA, October 20, 2009-The Mortgage Bankers Association (MBA) along with the National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB) sent a letter to senior Obama Administration officials yesterday requesting their support for a 12-month extension of the first-time homebuyer tax credit. The letter, addressed to Treasury Secretary Geithner, HUD Secretary Donovan...

Comments (2)

Jeff Craig
Hang Me Up Photos - Jamestown, NC
Greensboro Area Real Estate Photography

We have been pushing for the extension to all buyers for some time now.  Hopefully it will get voted through.

Oct 20, 2009 02:06 AM
Gloria Matthews
Principal Property Brokers - Vancouver, WA
MAKING CLARK COUNTY HOME

Of course we have.  We had a recent article in the Newspaper, and this morning the piece on the LOWES real estate news, ....so I thought it was a good time to SHARE, and share some more!  thanks for posting!!  gloria

Oct 20, 2009 02:30 AM