Dakota County Real Estate News – September 16, 2009
September 16, 2009
Today I decided to take a look at a few local and national headlines that are impacting Dakota County residents. These issues are making real estate news and those people that are buying and selling homes right now might gain some benefit from staying on top of what’s happening in the marketplace.
- There is a battle looming as the National Association of Realtors is trying to get Congress to extend the $8,000 first time homebuyers credit which is set to expire on November 30, 2009. The tax credit has already cost the federal government $15 billion (about twice what was expected). By extending it the credit would certainly help stimulate additional sales but at a price tag that could exceed $50 billion. There is a very good recap of the issue in today’s New York Times – Fight Looming On Tax Break
- In addition to looking at news I read a lot of other real estate blogs and the following article on the Top 10 Tips to Sell Your House was very good. The author, in Tallahassee, FL, discusses how 82% of homes in their market haven’t sold during their listing periods and what you can do to address it – 10 Tips To Make Sure Your Home Doesn’t Sell
- On the local front, last week I discussed how Dakota County and a few local cities were holding steady on taxes. The latest city to make a decision on taxes was Lakeville and they’ve decided to both raise taxes and raise utility fees – Lakeville Raising Taxes & Adding Utility Fees
- Finally, the Hastings school board is going to seek a bonding levy this fall from voters but has some good news as they qualify for no or low interest federal government bonds which could save them up to $11 million in financing costs – Voter Approval May Net Fed Funds
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