April 30th, 2010 has come and gone and with it the expiration of home buyers tax credits. Well almost .. as the tax credit does continue until April 30, 2011 for qualified military personnel but for the majority of home buyers the fat lady has sung and the party is over.
Will the expiration of the home buyers tax credit negatively affect the real estate market? Will renters want to stay renters? Is now still a good time to buy a home? What’s next for the Spring Texas real estate market?
According to a April online studycommissioned by Prudential Real Estate of 800 random consumers, consumers are still optimistic about the real estate market with 65% stating the expiration of the home buyers tax credits will have little or no impact on them.
In hopes of attracting a first time home buyer seeking a tax credit, numerous sellers rushed to put their homes on the Spring Texas real estate market. The end result has been a larger supply of homes than demand for homes. This study is encouraging news for the many sellers who have their house on the market and are thinking all the buyers are gone.
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Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less