Home Buyer Tax Credits | 02038 Real Estate https://02038.com Helping you get the most out of home! Wed, 01 Apr 2020 20:42:02 +0000 en-US hourly 1 Housing weakness spurs calls for new Federal home buyer tax credit https://02038.com/2010/08/new-federal-home-buyer-tax-credit/?utm_source=rss&utm_medium=rss&utm_campaign=new-federal-home-buyer-tax-credit Tue, 31 Aug 2010 09:06:21 +0000 http://www.02038.com/?p=6128 There was speculation in Washington this past week that the Federal government might get back into the business of stimulating the national housing market. CNN’s Sunday […]

The post Housing weakness spurs calls for new Federal home buyer tax credit first appeared on 02038 Real Estate.]]> There was speculation in Washington this past week that the Federal government might get back into the business of stimulating the national housing market.

CNN’s Sunday news show “State of the Union” focused on calls by some politicians and housing analysts for a new Federal home buyer tax credit in response to July’s weak housing sales data, which showed a broad based slowdown in home sales across the US.

support housing

July was a very bad month for real estate in Massachusetts, mirroring the weakness seen nationally.

Successful Federal tax credits

The new tax credit would presumably be along the lines of the tax credits that were allowed to expire earlier this year.

tax credits expired

There were two federal tax credits for home buyers in 2009 – 2010.  Both terminated at the end of last April.

One tax credit was for first time buyers ($8,000.00).  The other credit ($6,500.00) was designed to help certain homeowners seeking to buy a new residence.

August data may help clarify the need

August housing sales data will start being reported later this week.

If further weakness in US home sales is widespread, expect Federal policy makers to pay more serious attention to the idea of resuming some form of home buyer tax credit.

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The post Housing weakness spurs calls for new Federal home buyer tax credit first appeared on 02038 Real Estate.]]> Massachusetts (MA) real estate 2010 forecast https://02038.com/2009/11/massachusetts-ma-real-estate-2010-forecast/?utm_source=rss&utm_medium=rss&utm_campaign=massachusetts-ma-real-estate-2010-forecast Mon, 16 Nov 2009 14:05:36 +0000 http://www.02038.com/?p=4505 The $8,000 First Time Home Buyer Tax Credit was recently extended to April 30, 2010.  And Congress created a new $6,500 long-term homeowner Home Buyer Tax […]

The post Massachusetts (MA) real estate 2010 forecast first appeared on 02038 Real Estate.]]> The $8,000 First Time Home Buyer Tax Credit was recently extended to April 30, 2010.  And Congress created a new $6,500 long-term homeowner Home Buyer Tax Credit which should help real estate markets across the nation.  But the effect on MA home values should be especially strong because the local market has been in recovery mode since last March.

Trade-up and trade-down home buyers take note: if you’ve been in your current Massachusetts home for a number of years and qualify for the tax credit, now looks to be a good time to make that move you’ve been thinking about!

Click here to get a free, no-obligation Home Value Report from Warren.  He’ll bring over 10 years of home selling success to your home sale.  Check out all the testimonials happy clients have written on behalf of Warren.

So contact Warren today or simply call him at 508-613-2889 and take the first step on the road to your new home!

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