Once in a while our government actually does something right. The bailouts are a complete joke imho. What do they do for the average citizen? Nothing. But the $8000 tax credit being offered to first time home buyers is putting money directly in the pockets of average Americans. And that is a good thing.
We’re hoping that they extend the tax credit into 2010 as it’s our belief that this will have a profound impact on the real estate market moving forward. Depending on where you’re looking in the Colorado Front Range region, the markets are either holding steady or fairly robust. The Louisville real estate market is red hot, and the Boulder real estate market is quite strong. Moving out into places like Aurora and the South Metro area shows a different story. But it’s safe to say that extending the tax credit would help to bring more buyers into all of these markets, reduce inventory, and get us a long way towards economic recovery.
Feel free to email email@example.com if you have any Denver or Boulder real estate questions.