Tax Credits for home buyers expire on April 30. Did you find your house?What you do you think?  Seasonal Uptick or Stimulus Success !


Did the homebuyer tax credit, (due to expire on Friday, April 30) help our market?

I recently took a look at our local market.  I tracked it back 10 years.  This, of course took some time and yes our local board provides all this information.  BUT, the boards report is tedious and I wanted a quick birds eye view.  So, here it is below is my report.

It doesn't look too bad ... the numbers are not too far off from the highs of 2004-2005. 

BUT... REALLY ... I'm wondering what other professionals think?  We have less than 2 weeks to find our buyers a property before this credit expires, and I'm confident it will not be extended.  So . . . is the party over or was the tax credit just the appetizer.

You can see that study here or click on the image below:  I'll bet this isn't too far off from your local
market if you are in the northeast.

Title Transfer History Rockland County Real Estate

I'll be tracking the numbers right through spring and all of summer.  Time is a great clarifier.  Barbara Abe
a Rainmaker AR user in Hawaii (poor Barbara) wrote last fall:  "The first-time homebuyer tax credit is also helping. It is no surprise, therefore, that home sales have begun to rise nationally for 5 straight months. The increases were beyond the normal seasonal uptick in spring and summer."

Hmmmmmmmmmmmmmm . . . let's see if that carried over.

Jodi Summers a Rainmaker California feels the stinulus package is working. 

What say ye all?

 

 

It's wonderful to live in Rockland County
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Call A Top Rockland Realtor Today!

Angela Fish Chan, Rockland Realtor
Rockland County Real Estate
145 Main Street
Nanuet, New York 1094 ~ (845) 624-3900

Rockland County Real Estate ~ "specializing in Nanuet"

 

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Angela Fish Chan, Broker/Owner

Nanuet, NY

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Rockland County Real Estate

Office Phone: (845) 624-3900

Cell Phone: (914) 420-7500

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