The tax credit extension is good. Make no mistake. Loans that are in the pipeline will be able to close. The spin becomes that Washington has done something. Now most first time home buyers that are and were going to buy have done so or wil have. Following good sound disipline these buyers will likely be in the homes for seven years. Jobs and transfer are the life blood of the economy. Jobs will be the key a helthy housing market. The correction of 2009 has become the balance of 2010.
Show All Comments
Sort:
The Homefinding Center - 1000 Palms, CA
Real Estate Broker since 2008
I think they should phase the credit out over several months... i.e.
$8,000 through Aug
$7,000 if closed by Oct
$6,000 if closed by Nov
$5,000 if closed by Dec
and so on.
We'll be out of the credit by this time next year and there won't be a mass exodus from opening escrow because the last drop will only be costing the buyer $1,000.
Jun 17, 2010 08:40 PM
CR Property Group, LLC - East York, PA
Serving York and Adams County, PA
Bonner, I think the aggressive of RPAC really helped stimulate the positive vote. Cameron #1, the should have phased the tax credit out, and not dropped it off completely, or we would not have been in this situation.
Jun 18, 2010 12:25 AM
Rainer
83,119
83,119
Bonner Thomason
CRS, ABR, GRI, e-Pro
Real Estate Resources
Recent Posts
Comments(2)