Harrisburg Real Estate Weblog

The ramblings of a real estate veteran.

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    Tom Blefko
    Associate Broker
    PA Lic #AB049897L
    4309 Linglestown Road
    Harrisburg, PA 17112
    W: (717) 657-8700
    F: (717) 540-9801

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Posts Tagged ‘Stimulus Package’

Tryin’ to Understand the Economic Crisis

Posted by tblefko on July 27, 2009

 

Everyone and their brother has an opinion or theory on how the country got into this economic situation.  Some people blame Wall Street, the financial institutions and banks; other people take direct aim at REALTORS®, builders and mortgage companies; still others impugn the American consumer and their fixation with obtaining easy money with no strings attached.

I found this short video enlightening, insightful and explains the economic predicament about as well as any that I have read, heard or seen.

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New Home Construction Ticks Up In June

Posted by tblefko on July 18, 2009

Are builders starting to hammer again?

Image courtesy of Flickr

After months of continually taking it on the chin, construction of new homes nationwide is showing signs of landing a couple of jabs of their own.  On Friday, the Commerce Department released new home and multi-family construction numbers for June which showed an increase of 3.6%.  This number is particularly impressive because the construction of multi-family units actually fell over 26% for this period which means that the single family homes‘ component had to carry the load.  Another positive sign is that applications for building permits, usually seen as a barometer of future activity, rose nearly 9%.

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Let’s Eat Some Stimulus Pie

Posted by tblefko on February 27, 2009

Dig in!

Image Courtesy of Flickr

As a first-time homebuyer, you can take advantage of some pretty amazing incentives offered by the government if you know what you’re doing.  Don’t know where to start?  Don’t be disheartened.  Follow along with this short Q&A to figure out if you qualify.

How much is this first-time homebuyer tax credit that President Obama approved just recently?
The amount is $8,000 or 10% of the sales price whichever is less.

What type of home qualifies?
Virtually any home that will be used as your primary residence.  This means single-family homes, condominiums or townhouses.  Sorry – you’re vacation home at the beach won’t qualify.

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The Abridged Version of the Stimulus Package

Posted by tblefko on February 19, 2009

 

Gimmie, Gimmie, Gimmie!

Image Courtesy of Flickr

If you’re like me, you’ve had it up to here (place hand over head exactly 1’7″) with all the talk about the “stimulus package.”  There was a House version, a Senate version, a Republican version, a Democratic version, the Auto manufacturers’ version, the State Governor’s version, the Sesame Street version, etc. etc.  If you want to read the entire piece of legislation that finally got signed by President Obama known as “The American Recovery and Reinvestment Act of 2009″more power to you.  Most people though just want to know how it impacts them in their personal and professional lives.  Because you are reading a real estate related blog, I will assume that you have interest in just the portions of this legislation dealing with real estate so I will limit my review to those provisions.  Grab a cup of coffee – - – here we go!

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