The Real Deal Miami

Tax credit v2.0 slow to kick in, brokers say

December 07, 2009 12:48PM

South Florida brokers said the new version of the tax credit program aimed at drawing in move-up buyers as well as first time purchasers hasn’t yet taken off in the area. Kathie Manfredi, group leader of the Kathy Courtney Group at Keller Williams in Wellington, said she anticipates a pickup in more expensive home sales after the start of 2010, and believes buyers will take advantage of the $6,500 tax credit offered for people who want to move after living in a property for at least five years. First-time buyers such as Nickesha Nelson of West Palm Beach said the $8,000 credit was a major factor in getting her to buy a house this year instead of waiting until next year. [Palm Beach Post]