“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home RE/MAX Poll Asks: What Would Help the Real...

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.
Posted Thursday Oct 15