How You Doin'?

With the expiration of the Homebuyer tax credit, has it affected your business at all? Did you notice a difference to begin with? I sure did. Selling REO properties in Texas, my inventory went from full to the brim to almost non-existent. Am I complaining? Not at all, I enjoyed seeing buyers take advantage of a great program. Keeping track of who utilized the credit after they closed, I realized most of my foreclosures were purchased by buyers who were not eligible to take advantage of this credit. So the question becomes whether the tax credit really kept my market alive or if these buyers would have purchased anyway, without the incentive from the government. Well? The results are still out.