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What's in store for real etate in the coming years

by Southern Californias Top Producing Mother & Son Te



We are in Nashville TN, and we are so excited to be attending an annual real estate convention that we always make sure to attend called Star Power.  Much of our success in real estate has been attributed to attending this annual conference and learning from some of the top agents across the country.  We understand that in order to truly help families in this correcting market we need to be on top of our game in learning what some of the top names in real estate are thinking may occur in the next few years. 

We just came out of a session where we heard from the CEO of REMAX, Dave Liniger.  He presented a plethora of graphs, number and figures showing us what the real estate market has done in the past year.  He made sure to state that although real estate, when looking at the sales figures from across the country has done quite poorly in the past 2-3 years, it has maintained and sales volume has increased in local areas.  We will have some more recent figures out on our market as soon as we get back from this conference but if you want to see last month’s figures be sure to visit our news letter page.   

While in the session, Dave Liniger also mentioned that there are still many homeowners out there that may be defaulting on their homes very soon.  Consumer confidence is still low which means that the unemployment rate will still be low in the coming months, if not years.   If that is you, or if you are coming to a place where you are exhausting your savings in order to maintain payments on your home, remember that there is a smooth way to relieve yourself of that mounting debt.  Remember we are here to help families get out of the situation that they are in and our services are completely free to you.  Give us a call anytime…

$8,000 Federal Tax Credit Extended!

by Southern Californias Top Producing Mother & Son Te

For those of you who were bummed that the $8,000 Federal Tax Credit expired, read the article below.  There's great news!!!!  The Federal Tax credit has been extended...

 

WASHINGTON (Reuters) - The Congress on Wednesday approved a bill
extending the closing deadline for homebuyers trying to take advantage
of a popular tax credit.
 
Homebuyers with contracts signed by April 30 who failed to go to closing
by the June 30 deadline will now have until September 30 to complete
their purchases. The House of Representatives on Tuesday approved the
bill and it now goes to President Barack Obama for his signature.
 
The $8,000 tax credit for first time homebuyers and $6,500 credit for
others purchasing a new primary residence was a highly popular temporary
measure by the Obama administration to jump start home sales during the
economic recession.
 
Real estate agents said thousands of homebuyers would miss the June 30
deadline because banks and settlement offices were struggling to deal
with the volume of people rushing to close on their deals.
 
"In addition to helping thousands of families experience the American
dream, this successful and popular program provides a much needed boost
to Nevada's housing market and economy," Senate Majority Leader Harry
Reid said in a statement.
 
Reid, a Democrat, faces a tough re-election fight in Nevada, where the
U.S. foreclosure crisis is most pronounced.
 
The Senate acted separately on the tax credit extension after another
bill that included both the homebuyers measure and an extension of
jobless benefits for the long-term unemployed was blocked by
Republicans.
 
The jobless aid bill fell one vote short of the 60 needed to overcome
procedural hurdles in the 100-member Senate. Republicans objected to the
$34 billion cost of the bill.
 
The Democratic-backed bill would have extended the federal jobless aid
program through November. Senate Republican Leader Mitch McConnell
offered a two month extension that was paid for by using unspent money
from last year's economic stimulus program and Democrats objected.
 
Reid said he would try again to pass the jobless aid bill after the
Senate returns from the July 4 holiday recess.
 
(Reporting by Donna Smith; editing by Anthony Boadle)

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113