Thursday, January 21, 2010 |
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The homebuying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.
Typically, the busiest time for home
shopping starts in March and continues through May, but this year
buyers who want to take advantage of the tax credits have to have a
signed contract by April 30 and close the deal by June 30.
That is getting people off the couch.
"The tax credit will absolutely have an
effect," says Pete Flint, CEO of residential real estate search engine
Trulia.com. "It is going to shift demand from the later part of the
year to the first part. January and February will be very strong. The
next three months, there will be a surge in demand."
Source: USA Today, Stephanie Armour (01/20/2010) |
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