We keep hearing that because the tax credit is over that the buyers will dry up. I personally think there will a lull a hangover if you will.
There are different reports that tell us buyers didn’t buy because of the tax credit. Those that were going to buy may have adjusted their time table to take advantage of it.
The number one reason among first time buyers for buying a home simply was the “Desire to own a home” by a whopping 62%, the next reason was affordabilty at 10%.
Another survey was done with the folks that received the Home Run Grant for purchasing new construction. Their top reason was affordability and the second reason was the low interest rates.
So does that mean we are going to see the same numbers to continue? I really think there will be a slow down and then it will pick back up. Really all we did was borrow buyers from the immediate future.
Our market is in pretty good shape because we are pretty well employed compared to other parts of the country.
