What's the results of the tax credit with Schaumburg Home Buyers?
I've been waiting to write this update now for quite sometime on Schaumburg Home Sales and to be honest, it sure is a let down!
Yep, anti-climactic end to the Home Buyers Tax Credit.
Like a sharp object aimed at a balloon, it's a total fizzle (or as Snoop Dogg would say 'a total furrrschnizzle').
The graph illustrates sales for single family and multi-family Schaumburg Homes from January to June 2010. With all the media hype, I would have expected better numbers. What I see here is the standard increases that we see every year at this time. But, one caveat is that I believe the tax credit was much more valuable to multi-family buyers. Here we see a surge for the deadline but again this could also because of the time of year.
Foreclosures and 'better priced values' have been scooped up the fastest. Short sales? Well, they fell short for our area. From working with my own buyers, short sales offer too many hassles and not enough price rewards for dealing with the banks.
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© 2007 - 2010 Lyn Sims
