In addition to lower prices, buyers are rushing to tax advantage of a federal tax credit that covers 10 percent of the home price or up to $8,000 for first-time buyers. Home sales need to be completed by the end of November for buyers to take advantage.
"The window of opportunity is closing," said Bernard Markstein, senior economist for the National Association of Home Builders.
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Talk about propaganda... This is the same group pushing for a $15,000 tax write off next year... with no income limits....
I do have to admit.. ALOT more people are talking about buying now. But i feel, just like the current stock market rally this is a sucker rally.. Befor a big drop in September...
In addition to lower prices, buyers are rushing to tax advantage of a federal tax credit that covers 10 percent of the home price or up to $8,000 for first-time buyers. Home sales need to be completed by the end of November for buyers to take advantage.
"The window of opportunity is closing," said Bernard Markstein, senior economist for the National Association of Home Builders.
****
Talk about propaganda... This is the same group pushing for a $15,000 tax write off next year... with no income limits....
I do have to admit.. ALOT more people are talking about buying now. But i feel, just like the current stock market rally this is a sucker rally.. Befor a big drop in September...