3/26/09

Really?

From the Salt Lake Board of Realtors:
"In February there were 584 homes and condos sold, up 32 percent from
444 sales in January. The increase in sales can be partly attributed
to an aggressive incentive campaign by the federal government that offers an
$8,000 tax credit to first-time home buyers or buyers who have not owned
a home in the past three years."

What a bunch of hooey! How do sales in February have ANYTHING to do
with a program that wasn't even approved until mid-February?

I would suggest that "the best improvement is yet to come." Yes,
those people may benefit from the tax credit, but their purchase
decisions were not based on incentives from the US Government. We're
just beginning to see closings from these new programs around the end
of March.

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