Windy City Neighborhoods » Financing http://windycityneighborhoods.com Fri, 20 Jan 2012 19:54:01 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 14 Months of Inventory, Tax Deadlines, Buying Season, What Does It All Mean? http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/ http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/#comments Thu, 18 Feb 2010 21:16:45 +0000 John Astorina http://windycityneighborhoods.com/2010/02/14-months-of-inventory-tax-deadlines-buying-season-what-does-it-all-mean/ City wide inventory of housing stock is rated at well over a year’s supply. The April 30 First Time Home Buyer Tax Credit deadline is looming. The April 30 Home Seller Tax Credit deadline is also looming. The Spring Buying Season has officially begun. What does it all mean?

To me, it means that April, 2010 is going to be one BUSY month!

My colleagues and I have been talking a lot about these looming deadlines. Why are buyers still on the fence? Are sellers prepared to accept that in order to sell, they have to be #1 on the Clearance Rack?

We’ll know in April. Once buyers and sellers get their 2009 Taxes filed and they have 15 days left to be “Under Contract,” that’s where the proverbial rubber will hit the road.

Waiting will no longer be an option, and it will at last be time to put up or shut up


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