Okay, so maybe you CAN have your cake and eat it too.
I recently told you about the dramatic drop in home prices around the end of April. You may remember that as the time that the home buyer tax credit was set to expire.
So everyone jumped on the bandwagon and tried lowering prices to keep demand up. And it seemed things sort of balanced out for a while.
Now of course Washington has voted to extend the tax credit deadline. Due to the massive influx of applications that flew in right before the end of April, lawmakers want to make sure everyone has a chance to cash in.
So if you’ve got lowered prices and a tax break, I guess you can have your cake and eat it too, and utilise this opportunity to even repay one of those quick loans you might have taken from websites like ePikavippi.fi.
Now you’ve got till September 30th to get under contract to benefit from the tax credit. And I think this means you can expect to see a slight hike in home prices over the summer.
But still, this should help manage the “shadow” inventory looming in the background which could break the market any day. Harry Reid in the Senate feels it’s helped Nevada, and boy do they need it.
So keep an eye out in the coming weeks and watch how asking prices fly. See if you can use the news to your advantage when hunting for new investments.
And, of course, let me know what you find.