The tax credit season is over! Did it's increased activity create some confidence in the local market or will sales dry up!
The next 60 days will still have a lot of closings created by the Buyer Tax Credits. However, the next 60 days will tell the story by how many new offers get accepted after April 30.
My guess is that the activity will taper off, but hopefully some serious buyers will perist. There are no current plans for new incentives by the government. But, if I had to make a prediction, it will be that if the market falls greatly, the administration and Congress will look at new incentives just before the fall elections!
Stay tuned!
Jerry Morse
The Morse Company
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