The housing tax credit has been extended and expanded, details are all over the internet, so will buyers act now?
What has caused buyers to wait? Is it confidence in the market? Is it concern about their jobs? Is it a feeling that the housing market has another drop in prices as more foreclosures hit as executives laid off during the recession seek short sales or the banks foreclose on them?
Or will the incentives offered by this bill cause those 90% of Americans employed to make a move and buy a larger home or better located home? Will the incentives enable them to sell their own houses more quickly? Will these incentives allow baby boomers to downsize as they age?
Is there enough time for these incentives to actually make an impact on the housing market? Will they cause the greatest spring market we have seen in recent years?
Lots of questions few answers right now. What do you think?
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