Cleveland Real Estate News

Okay first, an update on the American Reinvestment and Recovery portion of the Stimulus Package the President signed in Denver today. The home buying tax credit?  It’s still only for first time home buyers. But, it’s now officially $8000 instead of $7500. Yes I know it’s been bantered around for a few days now but my [...]

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Yeah I know, we still have to wait for a final passage and who knows, maybe even a bit more tweaking. But I wanted to fill you in on at least the Recovery and Reinvestment Tax Act portion of the Stimulus package, as it stands now. Yes, the House raised the amount of tax credit [...]

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Today the Senate version passed, now the House has their version…more money than the Senate version – they claim it has more emphasis on jobs. Here is a site where you can read the versions yourself: ReadTheStimulus.org. Both versions are there. I’m of course very interested in what will finally happen with passenger rail, but [...]

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Lucky for you (and me!) Jay Thompson, a top notch real estate colleague from Arizona, wrote a great article of explanation regarding this revision, with good links as well. Jay is the Phoenix Real Estate Guy and his post is here. The Tax Credit as initially devised, was a loan but now it seems as [...]

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