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Life After the Tax Credit
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Leading up to the deadline for the tax credit, things got pretty wild. At 9:00pm on April 30th, three hours before the tax credit expired, I was still negotiating a deal. After the clock struck midnight, there was a bit of residual activity for a week or so – for example, people whose homes went under contract now needed to find a home. But mostly, things just got really, really quiet. Typically, we have 2-3 showings a day on my 8-10 listings. By mid-May, it was more like 2-3 showings in two weeks. Then, late last week, our phone started ringing again, and the office is getting that lively buzz back. It almost feels like buyers and sellers have recovered from a collective hangover and are ready to go out partying again.
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Any word on if/when the homebuyer tax credit might get extended?