BrokerageIndustry News

The end of the tax credit

Realtor Notebook
Published on Apr 15, 2010

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by CareyBot

These last few months after the extension and expansion of the federal homebuyer tax credit program have been interesting.

Last fall I was in a panic because I had two closings that did not seem like they would make the deadline for the first-time homebuyer tax credit, but we got lucky and the deadline was extended. My buyers were relieved we had worked hard to beat the deadline.

This year it seems like the homebuyer credit just kind of sat out there and people did not get too interested in it until February or so. There was some activity in November that was left over from October but not a lot.

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