A study estimates that 357,000 people have been motivated by the $8000 Tax Credit.
“The study by Campbell Surveys, a division of Campbell Communications, calculated the figure by comparing the number of first-time home buyers before and after the tax credit was instituted. The percentage of first-time buyers rose from 32 percent in January and February to 43 percent for the rest of the year – except July when the rate fell to 42 percent.
Campbell’s Research Director Thomas Popik pointed out that this survey mirrors the numbers calculated by the National Association of REALTORS® and those from Moody’s Economy.com.
The data supports legislative efforts in both the U.S. House and Senate to extend the tax credit.”
Source: HousingWire.com, Austin Kilgore (09/22/2009)
- Call Terra and Kim to help you find and purchase a home
- Budget, Budget, Budget and get it in line so you are ready when the bills start rolling in
- If you are contemplating having children build them into your budget now and adjust it if a parent might be staying home
- Consider a home that can be improved if there is money available down the road
- Feel confident with you payment and make sure you will still be able to pay for your utilities, gas and other daily items