Monday, January 25, 2010
First time buyers have to do home shopping early this year, if they want to avail tax credit facility. Generally every year, home shopping starts in March and goes on till May, but this year if buyers want to avail tax credit facility they have to sign a contract by April 30 and close the deal by June 30. This will affect people badly.
"The tax credit will absolutely have an effect," says Pete Flint, CEO of residential real estate search engine Trulia.com. "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."



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