August pending home sales rise to 2 1/2 year high, Will the tax credit be extended?
August pending home sales rise to 2 1/2 year high – Yahoo! News.
WEll, apparently some people are listening to us when we say now is the time to capitalize on cheap prices, low interest rates, govt. tax incentives, and some Grants in certain locations throughout the country.
This is finally an article that paints the picture I am seeing. Existing home sales are on the rise, and people are in frantic mode. They want to take advantage of the Tax incentives this year. Some people keep asking me, “will the tax credit be extended to 2010?” I sure wouldn’t plan on it, now if it happens great but to plan your purchase around that hope is very foolish.
Right now is the time, I would contact a local professional in your area and ask them to show you the real statistics in your area. Get familiar with what is actually happening in your own Real Estate market. It is impossible to talk about the real estate market on a national level. It is so different in every part of the country. That is how you will get a real perspective to help you make your decision correctly. However, a word of caution! I am an optimist, and therefore have faith things will turn around. Now I am not saying they will turn around right now, actually I think we are in for a long ride. However, I do think we are at the bottom of the worst. It is always to act when at the bottom then on the way back up..
Related posts:
- Tax Credit May Be Extended 2010 Economists: Extend the Housing Tax Credit
- July New US Home Sales Up 9.6 Percent..
- US new home sales edge higher, extend streak! Housing Market not as bad as everyone thinks.
- First Time Home Buyers $8000 Tax credit running out of time..
- Increase in Real Estate Sales in SLC county Vs. 2008
