Archive for January 22nd, 2010
Tax Credit Encourages Buyers to Shop Early
The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.
Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to have a signed contract by April 30 and close the deal by June 30.
That is getting people off the couch.
“The tax credit will absolutely have an effect,” says Pete Flint, CEO of residential real estate search engine Trulia.com. “It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand.”
Source: USA Today, Stephanie Armour (01/20/2010)
Written by kbargers
January 22, 2010 at 7:33 am
Posted in real estate
Tagged with bargers solutions, Brentwood, home buying, home selling, kenneth bargers, middle tennessee, Nashville, pete flint, prudential woodmont realty, realtor, stephanie armour, tax credit, tennessee, trulia, trulia.com, usa today
