Attention Ann Arbor Area Home Buyers!
There is a big push to pass a bill that would give home buyers a $15,000 tax credit, regardless of whether or not they’re first time home owners or their income. Seeing how the housing crisis led us into this recession, it will lead us out of the recession, and it’s critical that every means possible is used to jump start the housing market.
It’s very interesting to note that national statistics indicate that each home sale generates $63,000 worth of commerce in the local community. This includes the fees that are paid to Real Estate Agents, banks, title companies; the purchases most new homeowners make when they move into a house such as curtains, appliances, furniture, etc; and the ripple effect from all of that spending that spreads throughout the local economy. Continue reading