Salesman Jim Weichert
An internal message especially for the Weichert sales team.
For nearly two years I have strongly advocated government action to improve the housing market and the national economy.
On Nov. 6, a third version of the homebuyer tax credit was signed into law, and this one has enough stimulus power to get
the job done.
While the new tax credit includes many improvements, the most vital component of the current version is the expansion of the
credit to include repeat buyers. The tax credits that have been in effect up until now have clearly stimulated home
sales and eased price declines in the affordable, first-time buyer market. Yet, they haven't had the desired "trickle-up"
effect on mid- to high-priced homes.
The new tax credit should help spread the recovery we are seeing at the entry-point level to the rest of the housing market.
The combination of low interest rates, affordable home prices and the new $6,500 tax credit make it a great time for current
homeowners to consider trading up to a larger home.
Seize the opportunity,
Jim Weichert