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Builders Ask Congress to Extend Home Buyer's Tax Credit
The members of the National Association of Home Builders (NAHB) are asking Congress to help create jobs and set the stage for a strong recovery by
- Correcting a faulty appraisal process. The inappropriate use of distressed and foreclosed sales as comps in determining home values is hurting home values and killing home sales.
- Improving housing credit conditions. NAHB is calling on Congress to urge regulators to allow and encourage lenders to give leeway to residential AD&C (acquisition, development, and construction) borrowers who have loans in good standing by providing flexibility on re-appraisals, loan modifications and perhaps giving builders more time to complete and sell their lots and homes.
Together, these issues - extending the $8,000 home buyer tax credit for one year and making it eligible for all home buyers; bringing common sense to the appraisal process; and urging banking regulators to ease AD&C credit - will not only create jobs for American workers quickly, but also stimulate demand for goods and services throughout Main Street America. (Nations Building News, August 10. 2009)
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Good News!
Home Sales Rise
The June report from the U.S. Commerce Department reflects the third consecutive month of increased home sales nationally. This is good news for getting Americans out of the recession since housing can be a significant source of new jobs. It will be great if we can keep housing a priority in the recovery process with initiatives like those mentioned above. |
Look for our ad in the next issue of
Gusto Magazine - Central Oregon's Zest for Life
If you have a need for a remodel or residential construction in 2009, please give us a call for a complimentary consultation. We can make the process of turning your dream home into a reality... enjoyable and easy. |
| steve@hansmannandsons.com
www.HansmannAndSons.com
(541) 617-1601
63032 Lower Meadow Dr. Suite 100, Bend OR 97701
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