Comments on: Will The First-Time Home Buyer Tax Credit be Extended? http://boiserealestatesoup.com/will-the-first-time-home-buyer-tax-credit-be-extended/ Sat, 26 Nov 2011 13:39:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Aaron Catt http://boiserealestatesoup.com/will-the-first-time-home-buyer-tax-credit-be-extended/comment-page-1/#comment-246 Aaron Catt Sun, 11 Oct 2009 20:14:45 +0000 http://boiserealestatesoup.com/?p=1034#comment-246 Good point(s) as always Jeff! There is a lot of speculation and talk around the 'ghost listings' that banks are not putting on the market and the foreclosures that are coming up. I can't speak to the ghost listings, but I know for certain that many people are still struggling financially and jobs in the Boise market need a boost before we see any significant turn arounds in the real estate market. I'll be glad to see most of the short sales making their way to REO status so that the time on market and inventory of those homes can fall. Good point(s) as always Jeff!

There is a lot of speculation and talk around the ‘ghost listings’ that banks are not putting on the market and the foreclosures that are coming up. I can’t speak to the ghost listings, but I know for certain that many people are still struggling financially and jobs in the Boise market need a boost before we see any significant turn arounds in the real estate market.

I’ll be glad to see most of the short sales making their way to REO status so that the time on market and inventory of those homes can fall.

]]> By: Jeff Jones http://boiserealestatesoup.com/will-the-first-time-home-buyer-tax-credit-be-extended/comment-page-1/#comment-243 Jeff Jones Wed, 07 Oct 2009 20:07:54 +0000 http://boiserealestatesoup.com/?p=1034#comment-243 The first time home buy credits will be extended without a doubt although with all the spending going on they may have used their last get out of jail free cards and not be able to increase spending without being kicked out of office. They are trying to pass health care and if they increase the first time home buyer credit it might put that in jeopardy so they will not increase the credit if health care isn't passed first. A glut of foreclosures are scheduled to hit the street in winter 09 and sping of 2010 so expect prices to adjust downward barring an unforeseen hiring bonanza. The first time home buy credits will be extended without a doubt although with all the spending going on they may have used their last get out of jail free cards and not be able to increase spending without being kicked out of office. They are trying to pass health care and if they increase the first time home buyer credit it might put that in jeopardy so they will not increase the credit if health care isn’t passed first. A glut of foreclosures are scheduled to hit the street in winter 09 and sping of 2010 so expect prices to adjust downward barring an unforeseen hiring bonanza.

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