(New York Times Online, Sept 15, 2009)
When Congress passed an $8,000 tax credit for first-time home buyers last winter, it was intended as a dose of shock therapy during a crisis. Now the question is becoming whether the housing market can function without it. As many as 40 percent of all home buyers this year will qualify for the credit.
In the view of the real estate industry and some economists, all that money is well spent. They contend the credit is doing what it was meant to do, encouraging a recovery in the housing market that is gathering steam.
Friday, September 25, 2009
Tuesday, September 22, 2009
AUGUST HOUSING STARTS UP: WATCH VIDEO
Shari B. Olefson was a guest on CNBC to discuss the recent housing start numbers. In August, housing starts and building permits rose to their highest level in nine months. Ms. Olefson, a real estate attorney with Fowler White, was interviewed with Susan Wachter, Wharton Business School real estate professor, to discuss where we are in the housing cycle. Click here to view the CNBC segment.
Subscribe to:
Posts (Atom)
