Issaquah & Sammamish City Real Estate
Issaquah & Sammamish City Real Estate
I have answers!
Larry Miller | Direct 425-681-7535 | Email: lmiller@windermere.com | Website: www.Larry-Miller.com

Market update 5.13.10

Posted on May 13, 2010
 

Market Update

The tax credits are gone but the buyers aren't! The tax credits had an impact, there is no question about that. April pending numbers are up 36% from April 2009 which is the highest volume in this area since August 2006, but fresh on the heels of the tax credits is rising consumer confidence in the market.

Interest rates are still low and everybody agrees they are going to go up, but nobody knows when. 

We do know when some other things are going up though:

Capital Gains Tax...On January 11, 2011 the 15% current rate will revert back to 20%.
 
Medicare Tax….Beginning in 2013 the national health care reform legislation that became law in March will impose a 3.8 percent tax on certain investment income.
 
If you or someone you know is thinking of buying, now is the time. Interest rates and home prices are still down and selection is still up.

If you or someone you know is thinking of selling, the buyers are back in the market!

Contact me with their names and numbers and keep them out of the hands of agents who will not be looking out for their best interest and let me guide them through the process so that they can take full advantage of the opportunities that exist!

 

 

 

 

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Larry Miller | Direct 425-681-7535 | Email: lmiller@windermere.com | Website: www.Larry-Miller.com
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