Living In Plainfield

Wow, the amount of home closings in Plainfield IL for October was HUGE!  The first time home buyer tax credit has done an incredible job of sparring the housing market in Plainfield IL.

The 4,988 home closings in Plainfield IL in October 2009 was nearly double the amount of closings in September, which had 2,541 single family sales!  Typically homes sales slow after Labor Day and these numbers are an indication that this tax buyers credit is working.

Of course a credit to the public always become a tax on the people, but until we find a way to fix the housing mess, I guess we need to take it where we can get it.

I’m extremely surprised, as someone in the industry, that the government is focusing more heavily on Healthcare Reform, than trying to undue the damage that was done when the government decided to allow buyers to purchase homes with no money down, and to allow homeowners to take out loans and over finance their homes.

For now, things seem to be moving along, but with the growing numbers in unemployment I don’t see this as a permanent fix to the housing market.  I just hope the government isn’t putting all of it’s eggs in one basket…

Julie Ferenzi | Realtor®
Plainfield IL Homes for Sale
630-673-6233