I don’t typically send my blog readers to others’ articles without at least sharing my own thoughts and opinions, but this article in the Wall Street Journal by Laura Saunders really seems to cover everything. The increased numbers should have a favorable effect in the Chicago real estate market because our average prices are substantially higher than most parts of the country
I’m still not sure if I agree or disagree with the extension. On the one hand, it should continue to give buyers incentive to buy a new home and stimulate portions of the economy. On the other hand, are we supporting portions of the economy on a weak foundation? Will buyers continue to hold off on their buying decisions, waiting to see what other incentives the government will throw at them?
What are your thoughts?