Do we need another buyer incentive tax credit?


Until people go back to work, the real estate market will not improve.  This is worthy of a reblog.

Via John Ammirati (Century 21 Prevete):

With markets settling down to a slower pace after the mad rush to get into contract by April 30th, many realtors and economists are questioning whether we need another helping hand from the government to get a our business going.  What’s good for real estate is good for the economy – of course.  I agree that real estate sales create a lot of business activity and consumer spending but I disagree that another tax credit like we had the past year would be the best way to go.  Looking at under contract statistics for the past 18 months, it looks like all the tax credit did in our area was to bunch the sales together in a 6 week period leading up to April 30th.  When you match where we are this year at this time as compared to last year the numbers are pretty flat.  You could argue that things could have been worse without the credit but looking at other economic indicators we have improved over last year’s picture.

What the real estate industry needs are job creation programs, creating real jobs that will last. When the jobs picture improves, the real estate picture will improve as well. From earnings reports that have been released recently many large corporations have been doing well and some are flush with cash.  We don’t need the government to give them any more money.  In this country it is small businesses that really drive job creation – what small businesses need is capital – capital the banks are reluctant to give them.  More government lending programs tied to job creation would be the best use of government resources for our real estate industry. Let’s push for this long term solution for our short term problem.

About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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