Homebuyers say tax credit had little influence

While questions abound over how the residential market will transition after the first-time homebuyer tax credit, expired last Friday, a national poll by Prudential Real Estate suggests that buyer interest will remain strong. Nationwide, 65 percent of homebuyers surveyed between April 15 and April 20 said that the tax credit had little effect on their interest in shopping for a home, a sentiment that was shared by brokers. Overall, respondents said the market is on its way up, with 79 percent reporting that they believe prices will continuously improve over the next five years. [Business Review]