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$15k Tax Credit On the Chopping Block

Posted on February 11, 2009February 13, 2009 by The Tim

It looks like the $15,000 homebuyer tax credit may not make it into the final “stimulus” plan after all… From the AP: Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these…

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Crash Comparisons: Job Losses & Dow Jones

Posted on February 11, 2009March 13, 2009 by The Tim

House Speaker Nancy Pelosi recently posted an alarming chart of job losses that has been making the rounds. What jumps out to me when I look at her chart is the fact that the y-axis shows raw number of jobs rather than a percentage loss, and therefore fails to account for the increased size of…

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One in Four Pending Sales Failed to Close in Q4

Posted on February 10, 2009February 10, 2009 by The Tim

Now that 2008 Q4 + 1 month is in the past, let’s have an updated look at the relationship between pending and closed sales. In Q2, 15.9% of pending sales fell through. In Q3, it was 20.7%. Below is the updated chart including 2008 Q4. It shows quarterly King County SFH pending sales volume from…

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Finding a deal as a well-positioned homebuyer?

Posted on February 9, 2009 by The Tim

Time to consider another hypothetical housing market scenario, this time from a buyer’s side. Meet Sam and Tiffany. This late 20’s couple has been renting for the first five years of their married life. They have always had a nice reasonable rent that has allowed them quite a bit of discretionary income between their two…

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Poll: Potential Buyers Only: Would a $15k tax credit affect your decision to purchase a home?

Posted on February 8, 2009February 18, 2009 by The Tim

Please vote in this poll using the sidebar. This poll will be active and displayed on the sidebar through 02.14.2009.

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