Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
4800 Meadows Road, Suite 100
Lake Oswego, OR 97035
First Time Home Buyer Tax Credit is Coming to a Close
The first time home buyer tax credit is coming to an end on at midnight on November 30th.
This credit has been a key ingredient in stabilizing the market. The National Association of Realtors estimates that up to 2 million first-time home buyers have taken advantage of the tax credit this year and that about 350,000 sales would not have happened without it.
Additionally, the median existing home price of August was down 12.5% but earlier this year, it was down nearly 20%. Sales are rising.
While multiple bills have been drafted by Congress trying to extend the tax credit or raise the amount, none have been successful…..yet.
Momentum is slowly building in support of extending this credit and I truly believe that if everyone sends just one letter to your local Representative or Senator. After all, what is more encouraging than some good old consumer demand?
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