Monday, July 26, 2010

Westbrook Realtor: Federal Tax Credits Strengthened Housing Market

"What I've experience in the recent past is that more of the move-up buyers are
out there and I think that has direct correlation to the increase in the median
sale price," said [Prudential Northeast associate broker Marie] Flaherty.
Flaherty says she saw some fierce competition for properties as the April 30th
homebuyer tax credit deadline approached. The credit was $8,000 for first-time
buyers and $6,500 for existing owners who move.
- John C.L. Morgan

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