Crickets…. This is what we have heard for the last month or so, in regard to the possibility of a Home Buyer Tax Credit.
Here is what the administration was proposing:
- Biden’s $15K first-time homebuyer tax credit now a bill:
- The First-Time Homebuyer Act would provide a tax credit of up to 10% of the purchase price, or $15,000. And it is a refundable tax credit — not cash at the closing table.
Currently, I believe crickets are a GOOD THING!
How is affordable housing looking, Laura?
Nationally, there is some hope on the horizon, as inventory levels see a SLIGHT increase.
As shown in this graph below:
And how can we leave without talking about INFLATION?
- Another 3.5 Trillion was released into the economy, equating to over $6 Trillion in the last 20 months…….
I have a FEELING we should all be worrying about this! However, how does that influence the housing market? Typically, as inflation increases, so do house prices; therefore, so does appreciation.
The housing market is FIRE right now; has been for 10+ years.
It is a great time to be a HOMEOWNER!
We can help! Check out our BUYER & SELLER Guide below:
