Will 2011 Be A Good Year For Real Estate?

Real estate is ending 2010 on a positive note with President Obama recently extending tax credits that add value to home ownership and home improvements. On the 17th of this month Obama signed the Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act of 2010. The Act extended tax benefits, reduced payroll taxes and extended a variety of energy efficient tax credits. The extension of the tax credits for energy efficient improvements include those for new homes, existing homes, and building credits. The credits are good for improvements made through December 31, 2011.

Thus far the year is also ending with the mortgage interest deduction (MID) in place, a vital benefit to home owners everywhere this allows homes owners to write off the interest paid on mortgages. While the MID is being threatened to be reduced or eliminated as a way to recover money and reduce government debt, it hasn’t been altered yet, making homeowners throughout the United States grateful for the time being.

Home sales are holding their own as mortgage rates remain hovering above historic lows. Re-financing and buying real estate is benefiting greatly form these low rates. The low interest rate is helping boost sales, appearing to stay put until recovery is in full swing. All in all real estate is ending 2010 in a good position to pick up speed in 2011.  Let us know what you think by commenting on our Real Estate Blog.

Posted on January 3, 2011 at 2:37 pm
Rob and Sandy Racz | Category: Real Estate Issues

2 responses to “Will 2011 Be A Good Year For Real Estate?”

  1. tax attorney says:

    Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!

  2. […] Research Tools You Can Use10 Alternative Ways To Say I Like You ~ Krrb BlogDUI Lawyer Everett WAEverett Area Real Estate Blog var ajax = new Array(); function TrackClick(link,title) { var index = ajax.length; ajax[index] = […]

Leave a Reply

Your email address will not be published. Required fields are marked *