7. All of the labor delivered through the sale of a home is LOCAL labor 6. Real Estate transactions generate more than 17% of the GNP 5. Ongoing real estate sales allow the market to redefine values that were over-inflated 4. Foreclosure properties that might otherwise stay on the market longer, costing taxpayers and lenders millions more in maintenance expenses, are sold NOW! 3. The tax credit encourages Buyers who might otherwise hold-off, to purchase a home now, when prices are slightly depressed, enabling purchases that deliver greater equity at time of purchase 2. Delivering the tax credit encourages Sellers to purchase new homes, doubling the benefits to all involved 1. 17+ businesses and affiliates generate income for every home sold in this country, including Realtors, title companies, property and casualty insurance agents, attorneys, mortgage professionals, builders, developers, materials providers, heating ventilation and air conditioning professionals, appraisers....and many more Extending the $8000 First Time Homebuyer Tax Credit makes good sense for the consumer, for the professionals involved, home seller and buyers, and our economy as a whole.
Blog post authored by: Martin Taggart of the Dowell Taggart Team |