What will tomorrow bring, post homebuyer tax credits?

By: Christine Macrenaris

April 30^th … Tax credit deadline. I am not writing today with answers or insights, I have questions.

The big question on my mind:  What will traffic and sales look like post April 30^th?  At 3 sites (White Provision, 1010 Midtown and Villa Sonoma), we’ve written more than 35 contracts in the frenzy of first time homebuyers getting in under the deadline. These contracts were written in a 20-day period since April 10^th. The good news is that 35 closings will take place before the June 30^th deadline!

The real estate market has reinvented itself multiple times over the past 18months, and I can’t wait to see what the new form takes on starting tomorrow!  Per Brad Horner’s blog post today, recent news indicates that positive changes are coming.