Why The Tax Credit Had to End
Posted by Katie Paulsen
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Housing Experts Say Tax Credit Had to End
Will the government revive tax credits to encourage home sales? Housing experts are dubious.
Even suggesting that the tax credit might be revived could have a negative effect on the market, says housing economist Tom Lawler, because it could “lead many a prospective home buyer to hold off on buying a home.”
Earlier this month Richard Dugas, CEO of PulteGroup Inc., said earlier in August on an earnings call: “Almost regardless of how future demand plays out, we still believe that the tax credit had to end. We need to know the true level of demand without government stimulus distorting the market so that we can continue to properly position our business for ongoing improvement.”
Source: The Wall Street Journal, Nick Timiraos (08/30/2010)
For Help Finding Your Dream Home Now:
Katie K Team”
RE/MAX Northwest
281-384-4386 cell
281-893-8400 x217 office
832-553-7792 fax
www.FreeHoustonTxHomeInfo.com
www.HoustonHomeSoldGuaranteed.com
"Your Home Sold At a Price Acceptable To You Guaranteed or I Buy It For Cash!"
Will the government revive tax credits to encourage home sales? Housing experts are dubious.
Even suggesting that the tax credit might be revived could have a negative effect on the market, says housing economist Tom Lawler, because it could “lead many a prospective home buyer to hold off on buying a home.”
Earlier this month Richard Dugas, CEO of PulteGroup Inc., said earlier in August on an earnings call: “Almost regardless of how future demand plays out, we still believe that the tax credit had to end. We need to know the true level of demand without government stimulus distorting the market so that we can continue to properly position our business for ongoing improvement.”
Source: The Wall Street Journal, Nick Timiraos (08/30/2010)
For Help Finding Your Dream Home Now:
Katie K Team”
RE/MAX Northwest
281-384-4386 cell
281-893-8400 x217 office
832-553-7792 fax
www.FreeHoustonTxHomeInfo.com
www.HoustonHomeSoldGuaranteed.com
"Your Home Sold At a Price Acceptable To You Guaranteed or I Buy It For Cash!"
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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