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Tag Archive finance

Senate Voting today on amendment to extend the $8,000 First Time Buyer Tax Credit

8000 billAccording to a quick release from The National Association of Realtors today, the Senate is voting on an amendment to Extend Unemployment Insurance Benefits.  In this bill, there is an amendment titled “Dodd-Lieberman-Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit”.  

Tax credit hoops? What hoops?

720485-msI saw an article posted on Rismedia the other day (http://rismedia.com/2009-10-15/8000-tax-credits-hoops-frustrate-house-hunters/) that was picked up from the Orlando Sentinel.  The reporter (Mary Shanklin) titled the article “$8,000 Tax Credit’s Hoops Frustrate House Hunters”.  She wrote a nice article about the challenges some people are facing in today’s market, concise and well written.  In reality, the challenges she outlined have nothing to do with the tax credit.    Let me give you the examples used, summarized from the article: 

Using The 99 Cent Effect to Sell Your Home Faster

Twww.TheLancasterConnection.comhe 99 Cent effect, maybe you’ve heard of it, maybe not, but did you ever wonder why prices end in 99?  Turns out there is a proven psychological effect (dating all the way back to 1800’s) with prices that end in 9.  Researchers at the Rutgers School of Business found that prices ending in .99 communicate low price to consumers and consumers are then more likely to buy.