No 11th hour tax credit rush, brokers say

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While industry experts have reported a nationwide boost from the first-time homebuyer tax credit recently, some brokers say that they didn’t see many last minute deals today as the tax credit expired, according to Inman News. One broker, Jedd Stone, of Long Island, N.Y., 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.” Others were more optimistic however, arguing that the tax credit has had a significant effect on sales. [Inman]

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