Federal tax credits may have convinced some people to buy instead of continuing to rent homes, Gordon Von [...]
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There is a growing “shadow market” fueled by reluctant landlords who are unable to sell their homes in this tough market, an owner of a residential property management company told InsideRealEstateNews.com today. “These are the people who are renting their homes by default,” said Robert Alldredge, owner of Jericho Properties Realty in Lakewood. These are people [...] Increasingly, people who have been renting homes in the Denver area are leaving to buy homes to and take advantage of the $8,000 tax-credit available to qualified first home buyers this year, experts told InsideRealEstateNews.com. |
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