Real Estate

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Hello and welcome to This Month in Real Estate. Im Jay Papasan.

The First Time Homebuyer Tax Credit has been extended and expanded, and the details can be found in our most recent special edition.

For December, we take a look at the results the incentive had on stimulating home sales since 2008.

According to the IRS, about 1.4 million people have taken advantage of the first time homebuyer tax credit.

Not surprisingly, California ranks number one with the number of people filing a claim for the tax credit, while Alaska and Wyoming are among the states with the fewest number of claims.

But those numbers dont tell the whole story. For more, we go to Bryon Ellington. Bryon?
Bryon: Thanks, Jay.

According to the Internal Revenue Service, every state in the Union has participated in the First Time Home Buyer Tax Credit.

If we look at the results according to the total number of claims, heres how the rankings shake out:

California is number one with more than 160 thousand tax payers taking advantage of the first time home buyer tax credit.

Texas is number two with over 131 thousand.

And Florida is number three with over 105 thousand.

But when we look at the data in terms of per capita claims, or the percentage of folks in each state who took advantage of the tax credit, we get radically different results.

Heres a look at the top three in terms of per capita participation in the tax credit

Nevada is in the number one position with more than 20 thousand claims out of a population of 2.6 million.

Utah is in the number two position with over 17 thousand claims out of a population of 2.7 million.

And Arizona is in the third position with over 38 thousand claims out of a population of 6.5 million.

Whats more, we find Alaska moving from near the bottom of the rankings to number 26 above California! And Wyoming, the least populated state in the U.S., moves to number 16. Thats just a bit behind Texas in terms of per capita tax payer participation.

Back to you, Jay

Jay: Thanks, Bryon. Thats it for This Month in Real Estate. Thank you for joining us.

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Part 8 of the “Solving the Square Footage Puzzle” series, this session discusses the details of the American Measurement Standard. What is it? Who is it for? Can it really help to protect agents and consumers from square footage liability? Find out how the AMS is changing the “language of real estate.” One method that agents and appraisers can agree on, can change the reliability of the MLS information system.

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Part 8 of the “Solving the Square Footage Puzzle” series, this session discusses the details of the American Measurement Standard. What is it? Who is it for? Can it really help to protect agents and consumers from square footage liability? Find out how the AMS is changing the “language” of real estate. One method that agents and appraisers can agree on, can change the reliability of the MLS information system.

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Homes for Sale – http://www.realestate.com – For additional information about 1 GLENDORA CT or to schedule an appointment to see this home, please call toll free 866-285-3226. You can also view more details about this Single Family Home for sale in HENDERSON, NV 89052 and find additional real estate listings on RealEstate.com. MLS #: 1017472 For More Details, visit: http://www.realestate.com/NV/Henderson/30297594-1-GLENDORA-CT-Henderson-NV-89052-1017472-home-for-sale.aspx

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West Bloomfield Homes – Real Estate One Team of Realtors serving Wayne, Oakland, Livingston, Washtenaw, and Macomb counties. Specializing in HUD, FHA, 1st time buyers, marketing properties, listing Agent, Buyer Agent, short sales, and so much more. Call us for all of your Southeast Michigan Real Estate needs and visit us online at http://www.DoorToDreams.com

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PRICED TO SELL! BRIGHT IMMACULATE SINGLE-FAMILY HOME IN SOUGHT-AFTER ELYSIAN FIELDS.3 SPACIOUS BEDROOMS,FULL-FINISHED BASEMENT,OPEN FLOOR-PLAN WITH VAULTED CEILINGS,LOTS OF STORAGE, WOOD LAMINATE FLOORING,NEW PAINT,NEW CARPETING,LOVELY NEUTRAL DECOR.LARGE DECK OVERLOOKS LARGE PRIVATE FENCED-IN YARD AWAY FROM BUSY STREETS.PREMIUM LOT IN 1-STOP SHOP LOCATION,MINUTES FROM SHOPPING, GROCERIES, AWARD WINNING SCHOOLS, STEPS FROM PARK,HOME WARRANTY INCLUDED

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Learn the one common denominator in all Automated Valuation Models/Services (AVMs). Youll quickly see that when working with something as important as real estate, you need professional help. Part 4 of 4 part series.

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Long Realty is the smarter way to sell real estate. How? By focusing on an experience for our sales associates that helps them Save Time, Save, Money and Get More Business.

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