8000 Homeowner Credit
September 7th, 2009
Question: When did the $8000 tax credit for first-time homeowners go into effect?
Are real estate prices a little higher because of it? So they would go down a little December 1 when it expires?
Answer: The $8,000 went into effect earlier this year. Some sources suggest that it has helped absorb a lot of the unsold inventory that was sitting on the market. If so, I would not expect prices to deflate much if anything since the market should return to equilibrium with enough demand to move available supply.
Family Offers Their Own Tax Credit For House
There’s an old tradition that says if you bury a statue of St. Joseph in your backyard, somebody will buy your home. John Foley doesn’t know if that will work, but he’s willing to give it a try.
Housing amendment could save estimated 8000 Iowa homes
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