The Obama administration is expected soon to decide whether to increase the number of salaried workers eligible for overtime pay. The move could mean more money in workers’ pockets. But some policy experts say the change will have negative effects on businesses.
Columbus Realtors Tout Home Sales Increase
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The end of 2009 was better than the end of 2008 for the Columbus real estate market. WOSU reports tax credits continue to fuel buying and selling.
More homes were bought between September and December 2009 than during the same time last year. The Columbus Board of Realtors said sales were up 24 percent.
“We’re trending in the right direction,” Rick Benjamin said.
Benjamin is Columbus Board of Realtors’ president-elect. “There was kind of a rush to close a number of units as we got to the end of November, which was initially the end of the $8,000 first-time home-buyer tax credit which now has been extended through the end of April. That helped spur a lot of activity,” he said.
Benjamin also credits very low interest rates for the increased activity. He said as a result lower price range homes sold very well this fall.