san jose: San Jose Home Mortgage Climate Looks Good as Home Prices Rise
- 08/23/10 04:19 AM
Housing prices in the San Jose and San Francisco areas rose this spring as buyers took advantage of tax incentives. The overall price gains highlight the impact of the federal tax credits for homebuyers. However, this boost may be short-lived now that the incentives have expired. Tax credits were a large part of the boost to the national housing market, as sales faded shortly after the tax credits expired at the end of April. The numbers are likely to drop in the next report. "Other housing data confirm the large impact, and likely near-future pullback, of the federal program," said Standard … (0 comments)
Housing prices in the San Jose and San Francisco areas rose this spring as buyers took advantage of tax incentives. The overall price gains highlight the impact of the federal tax credits for homebuyers. However, this boost may be short-lived now that the incentives have expired.
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