End of Tax Credit Not Deterring Homebuyers

While April 30th marks the end of the tax credit for First Time Home Buyers, it does not appear to be slowing down those looking for a home. A recent study indicates growing consumer confidence in the real estate market, low prices, and low interest rates as reasons that 65% of respondents say the end of the tax credit will not slow down their house search. Over the next five years, 79 percent expect prices to increase, and 20 percent expect prices to increase substantially.

This means that people believe housing prices have hit the bottom. This is very positive news for our economy. The article below details the study.

Homebuyers Not Deterred by End of Tax Credit