The HomeGain Advisors met for their quarterly meeting on Thursday, July 23. The Advisors represent real estate agents across the country and provide insight into HomeGain products and services, market trends and Realtor behavior.
In line with a recent HomeGain poll in which 75 percent of respondents said their markets were speeding up, the majority of the Agent Advisors said that business has increased in the recent months.
The majority of Advisors reported that a good deal of their business can be attributed to the $8000 tax incentive offered by the federal government to first time home buyers.
One Advisor in Florida stated that 60 percent his real estate business was first time home buyers. He indicated that he believed the tax incentive had motivated them to purchase a home. Advisors in Chicago and Maryland echoed this statement, while an Advisor in the Scottsdale and Phoenix areas of Arizona estimated a larger amount at 75 percent and an Advisor in Texas reported about 50 percent. Continue reading this post