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Obama Signs Extension & Expansion of Home Tax Credit Into Law Today

stimulusmoney There are a lot of stories out today after Congress and the President came to an agreement on extending the home tax credit.  President Obama made it official by signing the measure into law along with unemployment benefit extensions.  It seems that nothing can be done by our lawmakers any longer that doesn’t involve bundling bills together.

I follow several real estate related blogs every day and I thought it would be interesting to post some of the links to the blogs I’m following that are commenting on the home tax credit extension.  It’s very clear that not everyone thinks this is a good idea for buyers, sellers or the economy.  The most common questions seem to be “Are we creating artificial market activity?” and “What is the true cost of this tax credit?”

From The Big Picture Blog – Peter Boockvar 
From Zillow Blog – Diane Tuman 

From our local boy Tyler Osby at Wealth with Mortgage Blog 

Who Qualifies for the home buyer tax credit now? 

Frequently Asked Questions about the tax credit (How frequent can it be?  It was JUST passed today) 

Here’s an interesting take on the bill (Caution… it’s a negative blog post) from Danilo Bogdanovic

From Zachary Hosford blog  (Note the Poll by Jay Thompson in this blog – Very Interesting)

And lastly, speaking of Jay Thompson, The Phoenix Real Estate Guy Blog    I like Jay.  He’s not afraid to speak his mind on any subject and challenge the system.  Subscribe to his blog as well as all the other blogs above!

Here’s what has been happening in the Des Moines Real Estate Market this week.

Des Moines Real Estate Statistics Week Ending 11-6-09
Week Ending November 6, 2009
Total Number of Homes For Sale in the Des Moines Area – 4755
New Listings Taken During the Last 7 Days – 209
Accepted Offers (Pendings) During the Last 7 Days – 86
Homes Closed (Solds) During the Last 7 Days – 142
Average Sale Price of Solds – $164,259
Average Days On Market of Solds – 88

If you would like to search for homes in the Des Moines area, feel free to visit my website.  I don’t require a login or password and collect no information about you.  You can always contact me if you have questions. 
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Les Sulgrove, Iowa Real Estate Solutions, LLC

Information on this blog posting is for informational purposes only and not intended as solicitation if you are already working with a REALTOR®.

There is no obligation or fee for any information on this blog posting.
Data Source: Les Sulgrove, Iowa Real Estate Solutions, LLC
Des Moines Area Association of REALTORS® MLS.
Des Moines Metropolitan Area defined as: Adel, Altoona,
Ankeny, Bondurant, Carlisle, Clive, Des Moines, Dallas Center,
Desoto, Granger, Grimes, Indianola, Johnston, Norwalk,
Pleasant Hill, Polk City, Urbandale, Van Meter ,Waukee,
West Des Moines, Windsor Heights, Winterset

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