Friday, October 30, 2009
Home Buyer Credit extension is almost here
In case you did not already know....
Members of the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be under contract by April 30, 2010, and close before July 1.
We should have a signed agreement next week so stay tuned....
Members of the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Home buyers must be under contract by April 30, 2010, and close before July 1.
We should have a signed agreement next week so stay tuned....
Monday, October 19, 2009
Tuesday, October 13, 2009
Sunday, October 4, 2009
Slow Growth of Homes and Real Estate Sales in Ashland?
According to recent article by Los Angeles Times, Peter Y. Hong (9/27/09)
"Over the next few decades, "We can expect a gradual rise [in home values], but not the bonanza we've become accustomed to between the end of World War II and 2006, and especially the last 20 years," says Robert Reich, public policy professor at UC Berkeley and U.S. Labor secretary in the Clinton administration.
The reasons cited for the change include the absence of pent-up demand that followed the Great Depression and World War II and the aging of the baby boomers who carried that housing demand forward, says housing consultant Thomas Lawler."
This opinion contradicts the National Association of Realtors general housing outlook which cites the increase in population due to birth rates and immigration are creating pent-up demand which is part of the recent surge in buyer activity.
"Over the next few decades, "We can expect a gradual rise [in home values], but not the bonanza we've become accustomed to between the end of World War II and 2006, and especially the last 20 years," says Robert Reich, public policy professor at UC Berkeley and U.S. Labor secretary in the Clinton administration.
The reasons cited for the change include the absence of pent-up demand that followed the Great Depression and World War II and the aging of the baby boomers who carried that housing demand forward, says housing consultant Thomas Lawler."
This opinion contradicts the National Association of Realtors general housing outlook which cites the increase in population due to birth rates and immigration are creating pent-up demand which is part of the recent surge in buyer activity.
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