Time for the monthly reporting roundup, where I read all the local paper rehashes of the NWMLS press release so you don’t have to. Here’s a link to this month’s NWMLS press release: Western Washington pending home sales mark best December since 2006 “Home for the holidays” took on special meaning for 4,399 buyers whose…
Tag: tax credit
Quantifying Cumulative Government Kickbacks for Homebuyers
I thought it might be useful to visualize just how much the government is involved in the housing market. Let’s look at how much a homebuyer receives via capital gains tax excemption for home sales, mortgage interest deduction, deductability of points paid on mortgage, and first-time buyers tax credit over 5 years, 15 years, and…
Poll: The homebuyer tax credit will…
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Reporting Roundup: See Market Run. Run Market Run.
Time for the monthly reporting roundup, where I read all the local paper rehashes of the NWMLS press release so you don’t have to. Here’s a link to this month’s NWMLS press release: Move-up buyers, extended/expanded tax credits boost home sales; Northwest MLS brokers expect momentum to continue in 2010 “This winter will not be…
Visualizing the Tax Credit Sales Boost
I’ve been trying to come up with the best way of visualizing just how effective the inefficient, expensive, and economically stupid $8,000 tax credit has been at boosting home sales in the Seattle area, and I think I’ve finally come up with something really good. To generate the chart below, I took all the single-family…