Sonny Goldreich looks at the effect the extending the federal tax credit could have on the real estate market.
“”This means the typical market in January, February and March will be anything but typical,” said Realtor Tony Hain, with Long & Foster. There is a sense of urgency, he said and the usually slow winter “may look more like a typical spring market — which is usually the busiest real estate time of the year.”
“Some sellers already are in the market, with their confidence bolstered by the general improvement in home sales.
“”Because of the high price points in the Washington market, there were people who didn’t qualify for the tax credit who were seeing that it was safe to get back into the market, so they have gotten into the process,” Hain said.”
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