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Replies (4)
- wetdawgs
- Contributions:26854
Good thinking. It is quite likely.
- David McKeever, "Stockton_Real_Estate"
- Contributions:39
Orange,
This could be a good strategy. It is always very difficult to time the real estate market, so I believe that if you find a home you love you but it regardless of tax credits, down markets, rates, or anything else. You buy a house to live, to keep raise your family, keep em safe. Now, if you are buying a rental property that is a different strategy all together.
Good luck!
This could be a good strategy. It is always very difficult to time the real estate market, so I believe that if you find a home you love you but it regardless of tax credits, down markets, rates, or anything else. You buy a house to live, to keep raise your family, keep em safe. Now, if you are buying a rental property that is a different strategy all together.
Good luck!
- orange hammer
- Contributions:103
thank you
- Michael Emery, "MikeEmery"
- Contributions:7298
What we DO know is the tax credit is driving home sales. When it appeared that the tax credit was going to sunset at the end of November 2009 (until it got extended), pending sales plunged 17 percent nationwide. Once folks discovered the tax credit was still around, sales picked up again.
Is the tax credit inflating prices? I think it is for a specific sector of the market; starter homes under $200,000 (in my market anyways). Not only am i seeing homes that are too expensive, they are $10,000 plus too expensive. Which means the tax credit is pushing home prices to be higher than what you receive in the credit.
Is the tax credit inflating prices? I think it is for a specific sector of the market; starter homes under $200,000 (in my market anyways). Not only am i seeing homes that are too expensive, they are $10,000 plus too expensive. Which means the tax credit is pushing home prices to be higher than what you receive in the credit.
is the $8000 tax credit propping up home prices?
Maybe I can get a better deal after the tax credit expires.
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