Tax credit helps buyers, sellers - WALB.com, South Georgia News, Weather, Sports

Tax credit helps buyers, sellers

By Karen Cohilas - bio | email

ALBANY, GA (WALB) - The housing tax credit has helped to put people into new homes. But it's also helped those who sell homes stay in business.   Managers at Wayne Frier Homes in Albany say they would likely be closed without the $8,000 tax credit for first time buyers.

Even with it, it's been a tough year. Typically they sell about 75 homes a year. So far this year, they've only sold about 20.

They know the number would be less without the credit.

"I just don't think we would have made it as a company," said Tommy Riddell of Wayne Frier Mobile Homes. "It is frightening and it's amazing. I've been in this industry now for two decades. I've seen a lot of changes, but never have I seen the opportunities that are out there right now for somebody wanting to purchase a home."

 That tax credit was just extended through June. There's also now a credit for homeowners who have lived in their current home for at least five years and are looking to relocate.


©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Murder suspect turns himself in after homicide

    Murder suspect turns himself in after homicide

    Sunday, May 20 2018 10:13 AM EDT2018-05-20 14:13:49 GMT

    23-year-old Jammie Davis turned himself into police, and faces felony murder charges for the death of 29-year-old Latravius Burks. 

    More >>

    23-year-old Jammie Davis turned himself into police, and faces felony murder charges for the death of 29-year-old Latravius Burks. 

    More >>
  • Homicide suspect surrenders, victim's co-workers react

    Homicide suspect surrenders, victim's co-workers react

    Sunday, May 20 2018 10:06 AM EDT2018-05-20 14:06:18 GMT

    Police found 26-year-old Michael Taylor shot at June Bug's Grocery store Friday night.  He died shortly after. The victim's co-workers said he was always willing to lend a hand. They believe that may have cost him his life.  

    More >>

    Police found 26-year-old Michael Taylor shot at June Bug's Grocery store Friday night.  He died shortly after. The victim's co-workers said he was always willing to lend a hand. They believe that may have cost him his life.  

    More >>
  • Albany girl group shoots official music video to bring community together

    Albany girl group shoots official music video to bring community together

    Saturday, May 19 2018 11:41 PM EDT2018-05-20 03:41:03 GMT
    'The Purpose Girlz' completed their first official music video on Saturday. (Source: WALB)'The Purpose Girlz' completed their first official music video on Saturday. (Source: WALB)
    'The Purpose Girlz' completed their first official music video on Saturday. (Source: WALB)'The Purpose Girlz' completed their first official music video on Saturday. (Source: WALB)

    Three Albany sisters started a music group last year.       And today, they took their music from the studio to the streets, for their first official music video. 'The Purpose Girlz' invited the entire community to be part of their single called, 'Together'.     

    More >>

    Three Albany sisters started a music group last year.       And today, they took their music from the studio to the streets, for their first official music video. 'The Purpose Girlz' invited the entire community to be part of their single called, 'Together'.     

    More >>
Powered by Frankly