First Time Buyer Tax Credit Statistics
March 18th, 2010 by Michael Oliver
The first time home buyer $8,000 ends in 6 weeks as buyers must be under contract by April 30th, 2010. So what has been the impact of this tax credit? My personal believe as an agent is a majority of the first time buyers that were bought during the tax credit would have bought anyway YET it did spike the housing market last year in terms of getting those buyers the confidence to actually make a purchase. As many may forget when the tax credit was rolled out the economy as well as the housing market was in really dire straights buyers were on the sideline and not coming off of it. The tax credit helped build back some confidence and probably pushed an additional 10%-20% more sales in last year that would have otherwise fallen into the first two quarters of 2010. Here is a video from cnbc.com talking about the statistics and impact the $8,000 first time buyer tax credit has had on the national housing market.
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- Posted in Buying, First Time Buyers, Statistics


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