$4,000 Home Run 2 Grant

I just received word that Utah Housing Corp has once again opened the gates to grants for people purchasing new homes.  You can find more information on their website.

I’ve heard varying viewpoints on this grant, but I’ve noticed some terrific effects on the economy.  The first round of grants cleared out the inventory of existing newly constructed homes and pulled many builders out of the bind.  They then had money to put contractors and construction workers back to work, putting money in people’s pockets again.  Existing home sales picked up as people saw their friends getting a new home and then decided to purchase a home themselves.  In the near future, I expect this increase in home sales will turn the tide of declining home values, particularly those priced under $300k.

I’m excited to see this announcement.  If you’re thinking about buying a home, this grant combined with the current $8,000 federal tax credit and the low cost of purchasing a home make it an excellent time to buy.

This entry was posted on Friday, September 4th, 2009 at 1:32 pm and is filed under Buying, Grants & Tax Credits, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.