June 2010

Found 1 blog entry for June 2010.

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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