June 2010 
There are 1 blog entries for June 2010.
Lost Tax Credit Got you Down?
Tuesday, June 15th, 2010 at 12:04pm. 537 Views, 0 Comments.
You didn’t get your new home bought before the Federal tax credit expired. You’re feeling left out and foolish for not taking advantage of this opportunity. You have never seen a check for $8,000 with your name on it.
Don’t fret. Step out of the pity-parade and go find your new home. Why? Let’s look at the facts.
The National Association of Realtors® (NAR) recently estimated that April sales surged 7.6%. This is in direct correlation to the tax credit expiration. If you remember Macroeconomics – as demand for a product increases, so do prices. Did your friends pay too much for a home so they could get the $8,000 credit? Bloomberg actually estimated a 27% surge caused by the tax credit. Ask yourself, if there was a 27% increase in buyer activity,…
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