Obama signed into legislation the tax credit extending through first of year and now including 'move-up' buyers. What will this mean for our business? Traditionally in our area this is when we start to see a slow down with things starting to ramp up around February. What will this credit due to the holiday season? Will the buyers who now want to take advantage of the $6,500 credit begin to list their homes to flood the inventory? Will the buyer's be there for the lower priced homes or have they already purchased to take advantage of the earlier tax credit? Time will tell, but are you seeing any additional activity in your business?
- Topic: ActiveRain Community
- Groups:
- Realtors®
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Rainmaker
432,307
432,307
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island
Any, great question. I have not seen any additional activity because of this but I really expect so see more buyers jump off the fence soon.
Rainer
269,442
269,442
Keller Williams Realty - Austin, TX
CNE, e-PRO
Hi Amy,
As you say, time will tell but right now in my market area of Austin and central Texas things are certainly moving. In my own personal business, I'm having difficulty coping with the demand. Mind you, I'm not complaining.......it's a good problem to have!!
Steve
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