While there is talk of Obama backing an extension of a tax credit… lets all hope so. Actually I hope he does not extend it…but waits a few months and issues a new tax credit. I would like to see a tax credit beginning January 1, 2010 – a New Years gift to all of us in real estate – say a 15,000 tax credit to all home buyers that purchase in 2010. Not just first time home buyers’ – but all home buyers – wouldn’t that stimulate all aspects of our economy – real estate – mortgages – building – development – home goods – filtering down to employment, jobs, employee benefits, clothing, the list goes on and on…just the shot in the arm we all need.

I also think that just extending the credit we have right now might bring on a few fall throughs in the current sales – meaning that some buyers might start to have second thoughts on the contracts they have written – wondering if they made decisions too quickly.

I would love to know what you think. Would you lose some homebuyers if the current deadline was extended? What do you think of the new year’s credit offering and how do you think it would affect the economy as a whole?

How many contracts did you write because of the tax credit that you would not have written without the credit?

I would love to know.

This entry was posted on Thursday, October 8th, 2009 at 9:58 am and is filed under Eileen's Desk. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.