Home Sales Peaking

Home sales numbers should continue to do well until the first time home buyer tax credit runs out. First time buyers are rushing to buy in order to close before the November deadline. The true test will be what happens when the tax credit runs out.

2 comments:

Applesaucer said...

I wouldn't be surprised if they renewed it.

Applesaucer

Tsachy Mishal said...

The effectiveness is that people think its going to run out. If they renewed it the effect would be small as most first time buyers who want it will have already taken it.