Homebuying pace frenetic on LI, as tax credit deadline approaches

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While many Manhattan brokers say the homebuyer tax credit doesn’t make a difference to their business, Long Island brokers say they’re seeing buyers racing to make purchases before this Friday’s deadline. Long Island homebuyers are rushing in part because they’re skeptical that the tax credit, which offers $8,000 to first-time buyers and $6,500 to repeat buyers, will be extended, as it was last November. Many brokers there say that the weeks preceding the deadline have been even more hectic than what was seen in November, because April is a busier month for homebuying, traditionally. [Newsday]

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