Is the Tax Stimulus Working?

People are always asking me: How is the real estate market is? Once they know you are a REALTOR whenever they see you this question comes out. I’m not sure if they are interested in a detailed answer or a five second answer or if they are interested because they own property or a home.

Either way, I usually make it short and in most cases, put a positive spin on it because that’s just the way I am. If you know me, you know I’m a very positive upbeat person that looks on the bright side of things. I’ve always been this way!

Now, let’s get back to “How is the real estate market?” It would be good to hear from you how the tax stimulus is working in your part of the country. For Rochester, New York, it is working very well. The homes that are in the lower price range are flying off the market, getting multiple offers! It is really crazy!

From here it looks like the $8,000 tax credit is doing the trick for getting the homebuyers off the fence and into the market as first-time homebuyers. But…..we need a tax credit for the other homebuyers who are not first-time homebuyers to get the rest of the real estate market going. I believe this is what is needed to get the whole economy going with all the services that drive off the real estate industry.

So then, “How is the real estate market?” not bad, but it could be a whole lot better! Tell me how your real estate market is doing.