Valerie Osterhoudt's Blog

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A NEW APPROACH TO STIMULATING THE MARKET

We all realize that the feds have been dropping the interest rate in order to try to stimulate the market.  This seems to be helping some, but I feel people are still being cautious.  With everything going up, gas, food, utilities, gas.. Oh, did I say that twice?  It is going up so much it is worth saying twice.  Anyway, the general public I don't think feels the interest rate reduction has enough of a stimulous to have them buy.  There are too many unknowns with the economy.

So my thought was if the feds could take a different approach.  Instead of lowering the interest rates, why not give a credit to the buyers.  Say someone is buying a home between $200 and $400k they would get a $10k credit; if they were to purchase a home between $401 and $600k there would be a $20k credit.  There would be an increase of $10k for every 200k increments. 

Wouldn't this have more of an effect since it is up front instead of over the long run with the reduction in interest?  I think seeing something upfront would have a greater impact.

Valerie Osterhoudt

 Info about the author:

Valerie Osterhoudt is a Cromwell Connecticut Residential Realtor who can assist you with the purchase and/or sale of real estate in the Middlesex County of CT, as well as the surrounding areas. Please visit me at www.CTrealtorMLS.com for all your relocation and/or local needs.

Valerie Osterhoudt, ABR - Johnson Real Estate, Inc. - 860.635.0387 #2 - valerierealtor@sbcglobal.net

Copyright © 2008 By Valerie Osterhoudt, ABR, All Rights Reserved...*A NEW APPROACH TO STIMULATING THE MARKET*

 

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Valerie Osterhoudt, ABR
(Accredited Buyers Representative)

Is a Full Time Realtor® with with Johnson Real Estate, in Cromwell, CT who specializes in Homes and Condos For Sale in the Middlesex and Hartford Counties in CT.

VALERIE OSTERHOUDT REALTOR IN CROMWELL CT

valerie osterhoudt

Valerie Osterhoudt, ABR ~Johnson Real Estate, Inc.
cell:  860.883.8889

email: Valerie Osterhoudt, ABR

website: www.CTrealtorMLS.com

 

Comment balloon 8 commentsValerie Osterhoudt • April 11 2008 08:47AM
A NEW APPROACH TO STIMULATING THE MARKET
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