No 11th hour tax credit rush, brokers say

April 30, 2010 06:31PM

While industry experts have reported a nationwide boost from the first-time homebuyer tax credit recently, Manhattan agents have been more negative, and some brokers outside of the city say that they didn’t see many last minute deals today as the tax credit expired, according to Inman News. One Long Island broker, Jedd Stone, said that while the tax credit encouraged some buyers, many more felt that the credit wasn’t reason enough to rush. “Buyers told me that getting their ‘dream house’ was more important than [what] the tax credit offered,” Stone said. “This tax credit was a mixed blessing.” Other Long Island agents are more optimistic however, arguing that the tax credit has had a significant effect on sales. [Inman]

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