By: john Follis

john Follis — Fri, 26 Jun 2009 13:37:32 +0000

An increased tax credit would certainly help if and when it happens. But as long as it’s pending it’s not helping. Because why would any buyer be motivated to buy now when they might get a much bigger credit if they wait.

By: Jake

Jake — Fri, 26 Jun 2009 13:36:11 +0000

Jason,
You are not the only one curious about this situation. As a first time home buyer I don’t want to delay purchase for a potential $15000 credit. If everyone will get the credit then many of the better deals could go away quickly. On the other hand I may be hitting the market at just the right time to cash in on the lowest prices and still get this larger credit if it becomes available. Regardless I am not going to hold off my decision to buy a house because of this potential. A good deal could save much more than an additional $7000.

Comments on: $15,000 Tax Credit Making A Return?

By: john Follis

By: Jake