Industry NewsMarkets & Economy

Did tax credit push supply forward?

Sellers move up listing date, close over asking
Published on May 27, 2010

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by CareyBot

It's generally understood that the federal homebuyer tax credit pushed some demand for homes forward, as buyers who'd planned to purchase a home later this year moved up their timetables to take advantage of the program.

But the imminent closing of the tax-credit window may also have motivated some sellers to list their homes sooner than they'd planned -- if the experience of one Pennsylvania Realtor is any indication.