Credit is extended...now what?

By
Real Estate Agent with The Briles Company

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?

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Rainmaker
1,025,715
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Time has told.  The buyer's tax credit has kept the market alive and going even during Oct. and now Nov.  It will continue.

Nov 10, 2009 12:18 AM #1
Rainmaker
432,307
Anne Hensel
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.

Nov 10, 2009 12:18 AM #2
Rainer
269,442
Steve Merson 512 412 1621
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 

Nov 10, 2009 12:19 AM #3
Rainmaker
856,798
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

In Southern California when Sept. comes the buyer are fewer but not this year. 

Nov 10, 2009 12:20 AM #4
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Rainer
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Amy Nodine

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