Posts Tagged ‘downward economy’
Tampa Realty Keeps Busy with Extended Homebuyers Tax Incentive Program
Posted by Kolleen | Filed under Articles, Business or finance
Mortgage interest rates and home prices have been at a declining rate over the last several months. The U.S. Senate has seen first hand how the tax incentive for first-time homebuyers has helped to spur on the economy and assisted with the declining housing market, so they have decided to extend the $8,000 tax break until June 2010 in the hopes that more people will take advantage of Tampa property for sale and homes for sale all across the country.
In early November, the Senate voted on the extension of the first-time homebuyer’s incentive program, therefore people will not have to rush out and try to ‘beat the clock’ in order to have all their mortgage paperwork completed and filed with their county clerks offices before the approaching December 31, 2009 deadline, which is no longer valid as a deadline.
The first-time homebuyer’s tax credit, which was due to expire at the end of 2009, was credited for the recent upswing in home sales all across the nation. The first-time homebuyer’s tax credit is given to people who have lived in an apartment or other dwellings other than owning their own home for the past three years in a row. This tax credit incentive gave thousands of individuals and families the reason and financial motivation they needed to purchase their first home, even in this downward economy.
According to estimates from the National Association of Realtors, approximately 350,000 of the 1.4 million first-time homebuyers who’ve qualified for the tax incentive program would not have made their purchases had it not been for the tax credit of $8,000 they will be receiving on their 2009 income taxed returns.
The Senate also voted to allow a new incentive program for up to $6,500 for repeat homebuyers who have been in their present homes for at least five years. This will allow many more millions of homeowners to trade in their existing homes for something more affordable, bigger or smaller depending on their family’s needs and income.
By extending the tax incentive program and adding existing homebuyers, the U.S. Senate is helping to stimulate the economy because more people will be purchasing homes that once sat empty due to foreclosure. Additionally, Tampa realty and other realtors will have more work, which translates into a better economy for their area.
Businesses Use St. Pete Self Storage Units to Store Valuable Equipment Or Extra Merchandise Until Needed
Posted by Kolleen | Filed under Articles, Business or finance, Storage
Many restaurants and other businesses are feeling the pinch from this downward economy and are having to cut back hours of their staff or lay people off on a temporary or even permanent basis in order to save money on payroll. In addition some companies, especially small businesses, find themselves closing early several days a week to save money not only on payroll expenses but money on utility bills and other overall costs associated with running a small business.
A St. Petersburg storage company has seen an increase in their business because businesses like restaurants and specialty boutiques are renting storage units to place some of the items they are not using on a daily basis in the storage units to have them up and out of the way or to make room for extra inventory in the hopes of making more money.
Businesses such as a specialty boutique that count on various holidays to make their big money and carry them over through the slow days or months, often rent a St. Pete self storage units to keep their extra inventory out of their store and out of their way but mostly safe. Self storage units are often equipped with security systems such as motion detection lighting, anti-theft devices and closed circuit video surveillance along with on-site security patrols. Businesses and other customers appreciate this type of protection for their valuables and other belongings so they feel safe in leaving them at a particular storage facility.
Businesses such as florists, bakeries and candy shops in which their biggest and busiest times of year only come around a few times a year; for a florist their busiest two days of the year our Valentine’s Day and Mother’s Day; for candy shop their busiest days are also Valentine’s Day, Halloween and perhaps Easter. However, for a florist, their busiest times of the year fluctuate so they may not need as big of a storage unit as the other businesses. Storage units St. Pete could accommodate any size storage unit needed by businesses or individuals for short time periods or a long term commitment.