Help for Real Estate in Star Valley Wyoming update
Monday, March 9th, 2009As Real Estate Professionals in Star Valley Wyoming were hoping this would pass-we all need to pull together and let our government know how we feel.
Unfortunately, Amendment #353 to the Economic Stimulus Plan, which contained a provision for the Federal Government to buy-down mortgage rates to 4.5% or less for a 30-year fixed rate loan for the purchase of a primary residence, was not passed at this time. However, on Tuesday, Feb. 10, the Senate will vote on their version of the Economic Stimulus Plan. We need to ensure the following three provisions that have a direct impact on housing will be included in the Plan:
$15,000 home-buyer tax credit that was proposed by Senators Isakson, Lieberman and Dodd
Permanent FHA, Fannie Mae and Freddie Mac loan limits that match the levels enacted in 2008
Increased resources for foreclosure mitigation efforts to stem the flood of foreclosures
I strongly encourage you to follow the link below, provided by the National Association of Realtors, to learn more about the provisions and voice your support. Please click on the link and follow the site’s instructions, which allow you to create and immediately post a letter via e-mail through the site to your U.S. Senators and Representatives.
http://takeaction.realtoractioncenter.com/campaign/2009stimulus
Foreclosures in Star Valley Wyoming aren’t flooding our market, yet. Real Estate in Star Valley and Land in Star Valley are holding their value and seem to still be in demand. The Star Valley Real Estate market hasn’t been driven by our local economy for some time, we do rely on outside buyers, so what happens in the rest of the world will eventually trickle down to effect us in time.
“Val D. Pendleton is the premier real estate broker in Star Valley Wyoming. Val’s family has a deep and respected heritage going back several generations in the Star Valley area. Specializing in Thayne, Afton, Bedford, Alpine and surrounding communities please visit the Coldwell Banker Country Estates website at http://www.cbcountry.comfor a complete list of inventory offered by Coldwell Banker Country Estates or email us at val@cbcountry.com If we can assist you in any way, feel free to contact us directly 307-883-7000″