Edwardsville and Glen Carbon Real Estate Chat: RE/MAX Poll Asks: What Would Help the Real Estate Market Most Right Now

RE/MAX Poll Asks: What Would Help the Real Estate Market Most Right Now

In an on-line poll of it agents and brokers, RE/MAX has asked real estate professionals to weigh in on what would make the most positive difference in the market right now.

The answer that rose very clearly to the top was the creation of a tax credit for all homebuyers. The streamlining of short sales and a renewed tax credit for first-time homebuyers followed as the number two and three suggestions.

Here's the way the poll responses look to date:

Tax credit for all homebuyers                 63.37%

Streamlined short sales                         17.23%

Renew first-time homebuyer tax credit    12.28%

Foreclosure moratorium                          1.19%

Lower interest rates                                2.77%

Jumbo loan availability                           2.97%

Higher conforming loan limits                  0.20%

Keeping in mind that all real estate is local, what would you say about the area in which you live and work? Here in Edwardsville and the rest of St. Louis' Illinois suburbs, foreclosures have not overwhelmed the market. And I have seen a rush in first-time buyers dashing to the November 30 finish line to get the tax credit.

Do you agree with more government intervention in the market? Or, is it time to let market forces act independently? Have you seen an upsurge in buyers over the past couple of months because of the first-time buyer tax credit? Maybe you have a solution that isn't on the list. Let's talk.
     
     
     
     
     
     
     

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Goshen Realty Group LogoAbout the Author: Nancy Milton, GRI, is a REALTOR with the GoshenRealtyGroup at RE/MAX Preferred Partners in Edwardsville, Illinois. She and Kristina Pratt help their customers buy and sell homes and investment properties in St. Louis' Illinois suburbs with special emphasis on homes for sale in Madison County and the communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy, Bethalto and surrounding areas.

Goshen Realty Group takes its name from the earliest nickname for Madison County, Illinois -- the Land of Goshen -- coined when the region's first settlers compared their new home east of the Mississippi River to the biblical land of peace and plenty.

For more information, visit GoshenRealtyGroup.com or e-mail Nancy at Nancy@GoshenRealtyGroup.com. Text or call Nancy at 618-791-8007. REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025.

Please note that individual listings periodically mentioned in this blog are accurately described in terms of availability and price at the time of the posting. Because properties are constantly coming on and off the market, please contact Nancy for the latest information on those that are of particular interest to you.

2 comments • Nancy Milton REALTOR/GRI GoshenRealtyGroup.com • October 15 2009 12:25PM

Comments

Thanks for posting, Nancy

I hear more about easing conventional loan limits and more jumbo loan availability these days. In most of the markets we operate in, those are the deal killlers more than anything else.

Posted by Thomas Scott - Showhomes (Showhomes) about 1 month ago

From those survey results, I'd say there aren't any buyers who want to pay more than $417,000 for a home.

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Posted by Elizabeth Weintraub, Sacramento Short Sale Agent, 916.233.6759, Lyon RE (Lyon Real Estate) about 1 month ago

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