As I posted a few days ago, our Governor has brought back the new home purchase program in Utah. It expected to help almost 2000 buyers get new homes. OR IS IT TO HELP BUILDERS AND DEVELOPERS SELL 2000 HOMES. As an agent I should be in support of this program, but I am NOT and who did I see as a major campaign contributor to Governor Herbert yes The Utah Association of Realtors (As reported in the Salt Lake Tribune).

When is our state government realize what this money really does! Did they take into consideration the existing home owner that is trying to sell their home? Hmmm, do you think they just took $4,000 out of the pocket of every one of these home owners? How about the home owners struggling to make their current mortgage payments that wants to keep their home or even downsize or reduce their mortgage payments? Have they helped those people? Want me to keep going?  Lets see how about our banks and lending institutions that have how many thousands of short sale requests, REO properties or mortgages in process of default, did they just take $4,000 away on every one of these homes?

As an Real Estate Agent in Utah specifically working in South Jordan and Herriman I should be loving this, BUT I think not. The only people benefiting from this is the builders and developers and obviously our  Governors campaign fund. According to the Tribune round one has yet to prove an increase in jobs in our state an expert from the article.

James Wood, a University of Utah economist specializing in housing, said the original program helped builders get homes off their balance sheets, but financing for new construction has been tough to get, so the anticipated jobs from the first Home Run Program have yet to be seen.

Construction in the State is down for a reason we still have an over supply of EXISTING HOMES! Lets do something to stimulate the sale of those homes and help those home owners! Help the many not the few! For every existing home sale in this state you are helping 2 families the sellers and the buyers. For a new home sale you are helping the buyer and WHO?

Well if you have read this far thanks for listening!!

Remember I am a Real Estate Professional that is here to do the best for my client and reguardless of my feelings towards this program will do my best to see you get everything you desire!

Tags: Buying a Home in Herriman, Buying a home in South Jordan, Home Grants in Utah, Home Run 2 Purchase Grant, Selling a Home in South Jordan

Posted on Saturday, September 5th, 2009 at 10:43 am and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.