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$8000 first-time buyer tax credit helping.

By
Real Estate Agent with CENTURY 21 American Homes

Since the implementaion of the $8000 tax credit we have had an increase in offers and closings of homes in the $100k to $150k range. I expect there will be an even larger increase when buyers are able to use it for down-payments. Hopefully this will flow up as the sellers of these houses, looking to take advantage of the value in the present housing market, upgrade to more expensive homes.