photo courtest of NAR and my inbox
I feel like I'm treading water with cement shoes.
After the fiasco that was Donovan's announcement at NAR Midyear in Washington, D.C. that FHA would now allow consumers to use the $8,000 First Time Home Buyer Tax Credit, comes this email in my inbox. For those of you that have no idea what this is all about, I recommend you read Jeff Belonger's post "Using First-Time Homebuyer Tax Credits for the Downpayment - It's GONE !!!! - The story of the $8,000 tax credit" - I'll wait for you to finish before I continue...
You're back? Wow, you read fast.
So although the announcement was made, the idea is just that...an idea. It has not been implemented yet and although I have a feeling they're working on making it possible, until it's official (since words from Donovan's speeches aren't all that official apparently), I'd wait until your qualified FHA lenders tell you differently. Boots on the ground.
So, moments before I wrote this post (May 15, 2009), I got my latest issue of Realtor® Real Estate News in my inbox. The lead article? The announcement made by Donovan (on May 12, 2009) during NAR Midyear. Back in the days of paper press, you could hardly stop news like this from going to print unless you were willing to yell "stop the presses!" However, this is the internet age. Someone could have had this bit of news struck from the email within moments.
Now, instead of having just the population of bloggers and Twitter users that had been following the events of #midyear, you now have every email reading agent across the country calling their clients to give them yesterday's news (that as of this writing is not true).
Nice one NAR - even if this is coming in the next few days, now was not the time to announce this and cause even more confusion.
My opnion = NAR press release FAIL!
(I have decided to keep this a public post on both my ActiveRain blog and my sanantoniorealestaterockstar.com site in order to help consumers see both that this announcement is not true (hopefully it will be soon) and so they understand what a tangled mess we agents sometimes have to go through to deliver them quailty reliable real estate information.)