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Posted on October 23rd, 2009 2:30pm by Candy Evans
Filed under Real Estate

If you lower prices, homes will sell, especially if you give out tax credits and other gimmicks.

Question: Should the government extend the first-time home buyer’s $8,000 credit? Tell us what you think?

6 Comments to “Dallas Real Estate: Extend First Time Homebuyer’s Credit?”

Becky Frey @ October 23rd, 2009 at 10:12 pm

Yes, the government should extend the tax credit – this gives people an opportunity to own a home. Awesome!
Ginny @ October 24th, 2009 at 2:28 pm

Only if they extend it to more buyers. So many people are stuck because they can’t sell their homes. An expansion to include more buyer would greatly increase their odds to finally get their homes sold.
Will Gray @ October 24th, 2009 at 3:17 pm

No. Plenty of studies have shown that it only inflates home prices, thus skewing prices temporarily, and is rife with fraud. I understand that realtors work on commission, but why keep up bad government policy.

Fraud – http://www.reuters.com/article/GCA-Housing/idUSTRE59L4GU20091022

Price inflation – https://self-evident.org/?p=696
jack @ October 25th, 2009 at 7:03 pm

if they do it needs to be for everyone! Enough of a small segment of the public getting something for doing nothing, either open it up or let it go away.
DLP @ October 26th, 2009 at 8:34 pm

Yes Please…
I think I found a fixer upper…
Not unless someone has a better one under $2oo,ooo in East Dallas.
Race Reed @ October 29th, 2009 at 4:48 pm

Home prices in Dallas have fallen but the statistics say “not enough” becuase home sales are still down. The $8000 tax credit only makes sense when the $8000 is equivalent to 10% of the purchase price.

Lowering property taxes 12-15% and allowing homes to maintain there value would see a increase in sales.