Front Page, Green Valley
MARCH WINDS!
May 12, 2009 by Marty Dobos · Leave a Comment
When March arrives it frequently brings the windy season along with it. I can remember when
I was a young boy and my parents would take me kiting. That brings back a lot of great memories. This year March seems to carry the quickly moving change theme in it’s wings. Unfortunately for most of us, the market does not seem to like the direction of the proposed changes. But, my oh my, how easily the real estate market can be impacted by proposed changes. One thing for sure, we need to see is the mortgage deduction to remain free from political compromising. In our free market system, if the home mortgage deduction is an accross the board principle that is available for everyone, then a mortgage deduction is a surety or a foundation for the concept that if you invest in a home, then you can surely deduct the amount of interest that you pay on your principal. Any investor would want to know that this tax deduction mechanism should remain immutable and irrevocable. This principle provides a strong fundamental incentive for people to invest in home ownership.
However, if a policy were to arise, that would state that certain people in a specified economic category would lose some or potentially all of their interest on principal, then….it would obviously follow that it would have very, very negative implications for the housing market and potential investors. In other words, NO ONE COULD BE ASSUSRED THAT THEIR INDIVIDUAL INCOME LEVEL MIGHT NOT SEE THEIR INTEREST DEDUCTABILITY IN PERIL! This is just one of the reasons for some of the continued doubt or lack of confidence in the housing market. Of course there are other factors. However, if you are looking for a place to settle down, and have cash or are qualified by a lender, then for you this is a great market! In the Green Valley, Arizona market, between 2007 and 2008 we had 1009 sales in our local MLS. Within the same time period of 2008 to date in 2009. we had 735 sales in our Green Valley MLS. Our downward direction is holding steady at about a 28% clip. The availability of new housing also provides a great opportunity for homebuyers to our area. We love this area and look forward to helping any of you that are looking for a great place to live! Visit us at our website: http://www.greenvalleyazsearch.com/