
22
By 2010, the expanded tax credit gives a quick eye view of positive home buying phenomenon at the early days of the year. In fact, it started earlier of the year as homebuyer tax credit is moving up and expanded for which people has the chance to buy new homes at a very reasonable rates and offerings in town. 
The ongoing tax credit for home buyers has an effect in the demands as supply increases in the real estate market. According to Pete Flint, CEO of residential real estate search engine Trulia.com, “The tax credit will absolutely have an effect.” “It is going to shift demand from the later part of the year to the first part. January and February will be very strong. The next three months, there will be a surge in demand.”
Now it is the time to buy homes this early season which is said to be the busiest and demanding time for early shoppers in the market. Usually, shopping starts in March until May but if ever you wanted to avail of the tax credit, then you have to signed a contract by April 30 and close dealing by June 30.
With this trend of market buying, it is expected that this year’s statistics of home sales will rise and more Realtors will continue to invest for more housing construction to help balance the demand and supply of real estate properties in the market.
Other articles you might like;